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The federal government will asked to fill the funding void as States run out of money for everything from extended jobless benefits to paying for basic services. Meanwhile, a commission studies how to cut $180 billion by 2015. Now that's fiscal discipline.

33 states out of money to fund jobless benefits

A total of 33 states and the Virgin Islands have depleted their funds and borrowed more than $38.7 billion to provide a safety net, according to a report released Thursday by the National Employment Law Project. Four others are at the brink of insolvency.

To fix deficit, Congress needs the will to cut

The commission's short-term mission is to shave about one percentage point of gross domestic product from the deficit in 2015 -- roughly $180 billion that year.

Source: money.cnn.com
Source: money.cnn.com