Boston is facing a 'wealth spiral' as President Donald Trump freezes funding to Harvard University over its refusal to comply with demands to fight antisemitism on campus. The tensions are having a major ripple effect in Boston and neighboring Cambridge, where parts of Harvard's campus spill over. The local economy, including sectors such as biotechnology, real estate, and hospitality, is now under threat. Harvard employs more than 20,000 people and has connections to almost every major economic sector in the area.