Nature’s got a pretty good rundown of how science fares in President Obama’s proposed budget. NSF and NASA get substantial increases, and NASA’s supposed to drop plans to return people to the Moon. Science in general does pretty well. It looks like climate science is particularly well-represented, which is not terribly surprising and certainly seems to me like good news.
Of course the President’s budget is only a starting point for negotiations. Who knows what’ll end up in the final budget.