also taking their cue from the success of protesters in egypt, demonstrators are hitting the streets across the arab world. with mixed success and a lot of violence. it is, of course, what everyone speculated would happen once one domino fell, the remainder would continue. >> you never saw that military violence in egypt but seeing it in other countries. a domino effect is playing out in interesting ways. on a lighter note, it is time once again for the big annual toy industry get-together here in the big apple. our toy insider mom has a sneak peek at some of the best toys hitting the shelves this year. >> nerf has something new out i want. >> really? >> i'll just say that so you know. first we take a look at some painful budget cuts that could be ahead for millions of americans. the president has sent his cost-cutting ideas to capitol hill. >> but in the face of a mounting budget deficit, this could be just the beginning of the sacrifices. jake tapper has more from the white house. >> reporter: university of colorado junior derek dash pays tuition with help from the pell grant program for low-income students and he was planning on enrolling in summer classes. >> the credits that we're receiving then are credits that