Amy Klamper, writing for Space News (subscription required) has said President Obama has given his administration until 1 Oct to review the existing U.S. Space Policy, which was issued under the Bush administration in 2006.
Given the tone of the administration in the article, expect any revised space policy to de-emphasize national security space and to emphasize commercial space, cooperation, and "no kidding" issues like mitigating space debris, space situational awareness, and improving the industrial base. Don't expect any discussion regarding "space weapons," whatever they are. During the campaign, Obama endorsed a ban on space weapons--that statement has since been removed from the White House web site.
While space policy is interesting, space funding is important.
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