The Obama administration will redirect $100 million dollars into a new project seeking a cure for HIV, President Obama announced on World AIDS Day. The new project was one of two pledges made by Obama that would increase funding to the battle against AIDS. In addition to the research initiative, the administration will also give up to $5 billion to an international effort to combat AIDS. 

In his Monday remarks, Obama explained that the research funds, redirected by the National Institutes of Health, were intended to prompt "a new generation of therapies" for the disease. The goal is to find a way "to put HIV into long-term remission without requiring lifelong therapies — or, better yet, eliminate it completely," Obama said.

Obama also announced that the George W. Bush-created President's Emergency Plan for AIDS Relief (PEPFAR) had exceeded a goal set two years ago of getting treatment to 6 million people by the end of 2013. The president reauthorized and extended that program today as well, and will set a new target some time next year. PEPFAR focuses on getting anti-retroviral drugs to parents in African countries.  

The Obama administration has also pledged up to $5 billion to replenish the Global Fund to Fight AIDS, Tuberculosis, and Malaria. That pledge, which covers the next three years, is conditional: the U.S. will only release that money if donors across the world raise at least $10 billion for the fund. The U.S. has already marked about $1.65 billion for the fund in its budget. "Don’t leave our money on the table," Obama said of the additional promise of funds.