Spending cuts Americans will feel the most

POSTED: 10:18 AM PST Feb 21, 2013    UPDATED: 11:46 AM PST Mar 01, 2013 

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.

Staten Island Sandy damage Reuters
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Mike Segar / Reuters

Hurricane Sandy victims. About $3 billion has been cut from a supplemental bill for Hurricane Sandy victims. The cut includes "crucial funding" for repair and recovery of some 10,000 homes and small businesses, said HUD Secretary Shaun Donavan last week.

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