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Federal Cuts Expected To Impact D.C. Area Significantly

By: Meymo Lyons // February 18, 2013
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Wells Fargo says Maryland, Virginia and Washington, D.C. are the most vulnerable to looming and widespread federal budget cuts.

The report examines states that would feel the most pain from $85 billion in cuts that are set to automatically start taking effect March 1 without a bipartisan deal.

The analysis exposed the District, along with neighboring suburbs in northern Virginia and suburban Maryland as particularly wide open to cuts in defense. That's because of the multitude of defense agencies and contractors in the region.

While nondefense cuts will be spread out more across the country, Wells Fargo notes that the Washington, D.C. area is once again the most clearly vulnerable to those reductions.

Federal cuts could affect everything from biomedical research to homeland security.

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