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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.

Job fair unemployment
16 / 19

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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