By Maya Rhodan
February 1, 2016

President Obama wants to set aside $1 billion for his “moonshot” goal of eradicating cancer, officials from the White House said Monday. The funding would go toward the research and development of a cancer cure.

Obama first announced in his 2016 State of the Union address that he would tap Vice President Joe Biden to lead the Cancer Moonshot Task Force, the administration’s effort to wipe out the disease. The appointment is personal for the Vice President, who lost his son Beau to brain cancer last spring.

Administration officials said Monday the National Institutes of Health is already on track to spend $195 million on cancer-fighting efforts this year, USA Today reports. In Obama’s 2017 budget, set to be released next week, the president will call for $755 million in additional cancer funding. The source of the additional $50 million is not yet clear.

The news came the same day the President and Vice President held the inaugural, closed door meeting of the Task Force at the White House.

Contact us at editors@time.com.

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