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$1.2 trillion are expected to give up. that s supposed to mean 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 ....
now, actually pretty good since where it started pretty much in the 100 level, stocks are negative even though one of the big three credit agencies affirmed the u.s. government s aaa rating today, calling its credit worthiness exceptional. that s a sharp contrast to this month s downgrade by standard & poor s. we told you this this was going to happen yesterday. it did. protesters make san francisco s rush hour commute a mess. bay area rapid transit shut all four downtown b.a.r.t. stations last night to protesters angry over shootings involving b.a.r.t. police officers. b.a.r.t. blocked cell service at some stations last week so protesters couldn t coordinate on social media. well, phone service stayed on last night. news corps exec james murdoch may have to answer new questions in parliament on that phone hacking scandal. a british lawmaker says murdoch may have misled his committee about settlements paying to hacking victims. they want him clarify his statements. ....