LC hit by $47 million cut in digital preservation funds

From Library Journal: "It sneaked under a lot of people's radar, but the Library of Congress has lost $47 million in promised federal funds for digital preservation efforts, and it's unclear how many projects and programs will be affected. After the February 15 passage of P.L. 110-5, $47 million "of the unobligated balances available for the National Digital Information Infrastructure and Preservation Program" (NDIIPP) was rescinded. "The Library of Congress is in the early stages of evaluating the impact of this rescission, and no decisions have been made on the future of the program, which continues to operate," LC spokesman Matt Raymond told LJ. "We are hopeful that funds may be restored in fiscal year 2008"