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The Boston Globe

Business

The next four years

The election’s effect on Massachusetts business sectors

Massachusetts defense contractors brace for big cuts, makers of medical devices face new fees, and the financial industry has to live with tougher regulations. Add to this uncertainty about taxes and federal spending as a reelected President Obama does battle with Congress over the deficit.

FINANCIAL SERVICES

One thing the election made clear: Boston’s large financial industry should not expect a reprieve from tougher rules, dashing hopes that a new president and Congress would rewrite the Dodd-Frank law or eliminate the Consumer Financial Protection Bureau.

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