From the Daily Mail in London:

US sees highest poverty spike since the 1960s, leaving 50 million Americans poor...

The number of Americans living in poverty has spiked to levels not seen since the mid-1960s, classing 20% of the country's children as poor.

It comes at a time when government spending cuts of $85 billion have kicked in after feuding Democrats and Republicans failed to agree on a better plan for addressing the national deficit.