Fiscal Showdown, Con't

State-by-State Impact of Federal Budget Debate

Some members of Congress have suggested benefit cuts to Social Security, Medicare and Medicaid while cutting taxes for the wealthiest 2%. The U.S. and state fact sheets below detail the impact.

Key Dates

Across-the-board "sequestration" cuts began
Continuing Resolution expires; Republicans threaten government shutdown
Suspension of debt ceiling ends; GOP threatens to cause default
U.S. Treasury hits debt ceiling, defaults on loans

How Did We Get Here?

Congressional Republicans held the economy hostage in the summer of 2011 with a manufactured crisis. They threatened to tank the U.S. economy and allow America to default on its obligations—and they're doing it again.