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The states could face a drop in federal funds even as they are handed more duties of care for their own citizens.
These areas are likely to face a drop in house prices as the rental market dwindles, a rise in empty properties – and a corresponding rise in vandalism and crime.
Stiglitz, a professor at Columbia University, called on Washington to make more funds available to state governments who face a drop in tax revenue.
As a result of these cuts and the shift from secure pensions to 401 k)s, younger Americans are more likely to face a drop in living standards when they retire than their parents, the first such reversal in Social Security's history.
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"They were technically clever on the ball but I would have been really disappointed had we gone out and that's what was happening at 2-0 down," said Redknapp, whose team now face a drop-down side from the Champions League in today's draw for the last 32.
With the patent set to expire in 2001 AstraZeneca faced a drop in profits.
Last week it reported a 1.6% fall in like-for-like sales in the second quarter, as it faces a drop in consumer spending along with other retailers.
Moreover, the industry faces a drop in French wine production this year of up to 40percentt, because Europe's heat wave shrank the grape crop.
In India, carmakers foreign and domestic are facing a drop in demand for small, inexpensive, entry-level cars and more of a market for premium compact sedans and hatchbacks.
Facing a drop in attendance and a shortage of priests, the Roman Catholic Diocese of Brooklyn plans to close two churches, fold six parishes into three and impose strict budget constraints on all 198 of its parishes.
Torsten Bell, from the Resolution Foundation thinktank, has calculated that, if the cuts to tax credits originally planned had gone ahead, a single earner on a minimum wage earning £15,000 a year would have faced a drop in income of £1,500.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com