Cuts would hit key Mass. industries
By Matt Viser
The Boston Globe
November 22, 2011
WASHINGTON – The more than $1 trillion in federal budget cuts that could come in January 2013 would slash Massachusetts’ research funding, Medicare payments to hospitals, and contracts for defense companies – all vital sectors of the state’s economy. The state stands to lose more than $680 million in federal research funding, about 9 percent of what it is estimated to receive. Hospital officials warn of longer wait times, fewer physicians, and an overall reduction of services at certain hospitals.
