Update Feb 18th. Here is more information about how the stimulus money is going to be spent, from Nature :
“National Institutes of Health: $7.4 billion divided among the agency’s scientific institutes and centres will fund grants from a backlog of 14,000 investigator-initiated ‘R01′ grants already reviewed and categorized as “highly meritorious”. It will also fund new R01 applications for projects that could reasonably make progress in two years. The agency will add supplemental funding to existing grants and fund new “challenge grants” aimed at thorny problems.
…
Kington notes: “We are being very careful to focus on funding that only covers the two years of the stimulus package. There will be relatively little, if any, money that entails a four-year commitment.” “
Source: http://www.nature.com/news/2009/090218/full/457942a.html
