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The Boston Globe

Business

Mass. could lose 50,000 jobs if federal dollars dry up

Sending the economy over the fiscal cliff could cost Massachusetts more jobs than have been created in the past year, economists predict.

The state is one of the most vulnerable to the deep budget cuts scheduled to go into effect next week because it receives a disproportionate share of federal defense, research, and development money sent to its many universities, hospitals, and technology firms, economists said.

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