ABCNews.com report the House Republicans' budget would rescind any funding for the Corporation for Public Broadcasting -- which funds these two organizations -- for the remainder of the year, and zero out millions in funds after that.
This is not the first attempt by Congress to cut funding for what many Republicans see as liberal-leaning broadcast operations.
House Republicans made a proposal in November to strip federal funding for NPR after the radio station fired controversial commentator Juan Williams for comments he made about Muslims.
That bill didn't pass, but this time, Republicans are in the majority in the House, and many say the cuts are needed to balance the burgeoning U.S. deficit.
"I think they are dead serious. There's a real concern about budget among lots of people and they're looking for ways to cut," said Christopher Sterling, a professor of media and public affairs and public policy at George Washington University.
If funding indeed gets put on the chopping block, it could have a detrimental impact on PBS and NPR affiliates, many of which are already struggling financially.
"It would diminish stations' ability to bring high-quality local, national and international news to their communities, as well as local arts, music and cultural programming that other media don't present," NPR chief executive and president Vivian Schiller said in a statement. "Rural and economically distressed communities could lose access to this programming altogether if their stations go dark."
PBS president and chief executive Paula Kerger, pointing to the network's educational programming, said, "It's America's children who will feel the greatest loss, especially those who can't attend preschool."
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