Spending cuts Americans will feel the most

Published On: Feb 21 2013 12:18:02 PM CST   Updated On: Mar 01 2013 01:46:17 PM CST

With no deal in place in Congress, $85 billion in sweeping federal spending cuts will take effect today, targeting everything from defense to education. Here's where Americans will really feel the impact of the cuts.

Job fair unemployment
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Small business loans. Small Business Administration loans guarantees would be cut by approximately $900 million, potentially making it harder for small businesses to get loans.

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