automatic cuts in almost every federal department in 2013. same bottom line $1.2 trillion half from defense, half non-defense. but congress can and likely will change it. meantime stock markets are tanking again,down jones down more than 2.5% today. again the u.s. credit rating may be in for a down gragradedowngr. much more on fallout in our face time segments minutes from now. in cairo, 1,700 people have been wounded during the worse violence to hit egypt s capital since the revolution. at least 20 people have been killed. there are now reports a government official has resigned over the violence. coming up we head to cry row aia live report. the former head of the fbi will lead the penn state investigation, an independent panel. i m committed to ensuring that our independent investigation be conducted in a thorough, fair, comprehensive manner, leaving no stone unturned and without any fear. the panel will not have subpoena power but the ncaa and federal educatio