Universities, hospitals, and defense contractors are delaying hiring and expansion — and in some cases laying off workers — because Congress postponed spending decisions in the deal to avoid the fiscal cliff, leaving the future uncertain for these critical sectors of the Massachusetts economy.
Congress’s eleventh-hour compromise on Tuesdaysettled tax questions for most Americans, but lawmakers postponed for two months the contentious issues of how and where to reduce federal spending. That leaves scores of Massachusetts institutions and businesses in limbo, unsure of whether they can count on government contracts and grants that support their operations.
Comments
Another gift from the House Republicans.
And folks don't think these budget cuts will cost jobs? I don't think most understand how this stuff works. We really need the adults in DC if there are any left to sit down a restructure this whole mess.
WHAT spending cuts? Perhaps Megan would be kind enough to tell us what they are and how dollars are to be cut. And if she's talking about Defense spending, that's what Democrats and Obama ASKED for, even if there were no deficit...And that's what people in MA VOTED for.
And for the latest example of NO SPENDING CUTS, just check out the Senate passed bill for Hurricane Sandy relief. See what percentage actually will go to hurricane damage, and what percentage will just go to PORK projects.