Massachusetts’ hospitals and research universities, twin pillars of the state economy, face a double-barreled threat from looming cuts in federal funding if lawmakers do not compromise on a plan to curb the national debt by the end of the year. The state’s multibillion-dollar medical research enterprise is particularly vulnerable under mandated cuts to domestic and defense spending that will go into effect Jan. 2 because it receives funding from both domestic agencies as well as a little known medical research wing of the Pentagon.
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