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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.

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Low-income housing. The Department of Housing and Urban Development would have less funding for vouchers that help low-income families pay for housing, which could impact 125,000 families, according to the White House. At the same time, cuts to homelessness programs could force 100,000 formerly homeless people back out on the street.

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