The good news: Nasa will still be able to travel to the International Space Station, bringing to it vital supplies and very possibly chocolate cookies. The bad news—I guess you can call this bad news—is that Nasa will only be able to do so hitching a ride on board Russian spacecraft. Budgets are a tricky business.
Nasa says that it will continue to tag-teaming with the Russians at least through 2016. Twelve such missions are currently penciled in.
Nasa also says that it does, indeed, plan to return to good ol’ American spaceships at some point in some capacity this year, but they’ll be of the commercial variety.