U.S. manufacturers and members of Congress are pleased with a nearly $3-billion White House initiative to shore up basic research and technology, but the aerospace industry says $50 billion is needed over five years to offset the severe losses of the 1990s in federal R&D support. The National Assn. of Manufacturers (NAM) and key members of Congress say high-tech industries, Wall Street investors and the burgeoning e-commerce sector will take heart from President Clintons proposed $2.8-billion increase to buttress materials, information, computer and nanotechnologies.
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