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The Boston Globe

Business

Mass. businesses laud tentative US budget deal

The modest federal budget deal tentatively reached by Republican and Democratic negotiators in Washington this week would provide temporary relief to defense contractors, medical researchers, and other Massachusetts businesses hit hard earlier this year by automatic spending cuts aimed at reducing the US deficit.

But state industry officials, economists, and government observers warn that the measure — which could go to the House of Representatives Thursday — is temporary, and that spending reductions in defense and domestic programs will likely resume in two years.

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