Thanks to some brilliant people, as well as advances in superconducting materials, MIT has a better plan than ITER, for a fraction of the budget:
MIT's design is also easy to take apart, has a 3-d printed reactor core that gets replaced once a year, and surrounds that with FLiBe, the same molten salt used in some fission designs, for cooling and tritium breeding.
ITER was not as expensive as it is back when it was designed either, but building things which have never been built before is full of risk.
In a sane world, we'd be funding both and probably more, seeing as how fusion power is basically one of the single most important technologies we could perfect in the modern age.
I think they're building a full size generator right now working off of all their smaller scale experiments.