by William White | December 3, 2013 12:29 pm
President Barack Obama, announced on Monday, that he is moving $100 million toward a research project to fight HIV.
The research project will be handled by the National Institutes of Health and will work to find a way cure for HIV, the Associated Press notes.
“We will stand with you through every step of this journey until we reach the day possible when all men and women can protect themselves from infection, a day when all people with HIV infection have access to treatment to save their lives,” President Obama told Politico.
Obama also announced that the United States will pledge $5 billion over the next three years to help fund the The Global Fund to Fight AIDS, Tuberculosis and Malaria. The United States pledges funds to the organization so long as other countries can contribute twice what it does. If other countries pledge the $10 billion, the money will be used to run The Global Fund’s programs from 2014 to 2016, reports the Associated Press.
The opinions contained in this column are solely those of the writer.
Want to share your own views on money and politics? Drop us a line at firstname.lastname@example.org and we might reprint your views in our InvestorPolitics blog! Please include your name, city and state of residence. All letters submitted to this address will be considered for publication.
Source URL: http://investorplace.com/investorpolitics/obama-announces-100m-hiv-research-project/
Short URL: http://investorplace.com/?p=444250
Copyright ©2017 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.