CNNW CNN Newsroom November 21, 2011
$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 bee...