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>> bret: did i see that. >> greg: what is happening? >> bret: thank you, greg. >> dana: wow, im never -- >> bret: good evening, welcome to washington. im bret baier. breaking tonight, closing arguments in president donald trumps criminal trial in new york. prosecutors trying to convince a jury the presumptive presidential nominee engaged in conspiracy and cover-up. defense attorneys organization the prosecutions star witness michael cohen is a massive liar. in fact, they said cohen is ...

$1.2 trillion are expected to give up. thats 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...