Spending cuts Americans will feel the most

Published On: Feb 21 2013 10:18:02 AM PST   Updated On: Mar 01 2013 11:46:17 AM PST

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.

 oil prices
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Jessica Rinaldi/Reuters

Oil and gas permitting.  Cuts to departments that complete environmental reviews, inspect operations and approve permits could mean longer waits to start oil and gas projects.

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