NASA to share telescope cost, Nature
"The James Webb Space Telescope (JWST) is perilously overbudget and under threat of cancellation, but Nature has learned that it may be offered a financial lifeline. The flagship observatory is currently funded entirely through NASA's science division; now NASA is requesting that more than US$1 billion in extra costs be shared 50:50 with the rest of the agency. The request reflects administrator Charles Bolden's view, expressed earlier this month, that the telescope is a priority not only for the science programme, but for the entire agency. NASA expects that the total cost of getting the 6.5-metre telescope to the launch pad by 2018 will be about $8 billion, around $1.5 billion more and three years later than an independent panel predicted in November 2010."