Ohio could lose as many as 40,000 jobs and $3.6 billion in federal aid if Congress cannot find a way to stave off the dire economic consequences of automatic tax increases and across-the-board budget cuts that it approved last year to address the debt-ceiling crisis.

While President Barack Obama and Congress continued to negotiate a compromise to avoid sending the nation over the so-called fiscal cliff, thousands of jobless Ohioans, Medicare recipients and families who rely on child and marriage tax credits saw few signs Friday that their benefits would remain intact.

Without a new deal, taxes will increase for all Ohioans while the military, hospitals, universities, local governments and other publicly-funded entities will see their funding drastically reduced.

“It’s not a good situation at all,” said Robert Baird, CEO of the Dayton Physicians Network, an oncology practice whose members would see a reduction in Medicare reimbursements as part of the government cuts known as sequestration.

Read more about those in jeopardy in Ohio:

Fiscal cliff effect on local:   Agriculture  |  Health care  |  National security  | Local/state governments  |  Jobless benefits  |  Financial markets  |  K-12 education  | Colleges and universities

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               What exactly is the fiscal cliff?