What the Bush Budget Chops...
Reduces from $925 million to $687 million funding for agency that finances purchases of U.S. exports
OVERSEAS PRIVATE INVESTMENT CORP.
Cuts from $47 million to $23 million funds for low-cost risk insurance for companies in emerging markets
ADVANCED TECHNOLOGY PROGRAM
Reduces from $132 million to $13 million an obscure Commerce Dept. program that subsidizes tech companies' research
Slashes Energy Dept. research programs by over $300 million, including ones to develop fossil fuels, turbine generators, solar and wind power
...and What It Doesn't
ETHANOL FUEL SUBSIDY
This $800 million tax break subsidizes corn growers, especially in politically powerful Iowa
Bush would increase, from $86 million to $92 million, funds for such promotional groups as the Catfish Institute and National Watermelon Board
CLEAN COAL R&D
It just gets nicked, down from $2 billion to $1.9 billion
Loggers get $500 million a year to cut trees on federal property