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Briefing this morning. the army is reported to cut troops by 80,000, leaving 490,000 soldiers. marine corps is expected to trim by 10%. the navy and air force would see less of an impact. the cuts would force a shift away from the policy of being ready to fight two ground wars at once. well, the german man accused of being the new year's eve arsonist in los angeles has been formally charged. 24-year-old harry burkhart faces 34 downs of arson. bail was set at under $3 million and ordered to surrender his passport. prosecutors say he use aid device to accelerate fires. now there's word burkhar...

Clearly even aimed our force structure go down. but the fact is we opened up a pathway for iran into syria and israel that could be very dangerous and destabilizing. that's one issue that concerns me. the 490,000 -- if everything goes well, we could probably live with. but what is not mentioned in the conversation is secretary gates canceled the f22 which is much more capable for a china deterrent strategy. he canceled and delayed the next generation bomber. and he bought a smaller tanker. you need a large tanker if you are going to operate in the pacific. so i'm not sure there is a colearn i ...

Capabilities for the future including surveillance, counter terrorism, countering weapons of mass destruction and being able to operate in environments where adversaries try to deny us access. megyn: they are shifting the focus to the asian-pacific region, china. the army would shrink from its currents level of 570,000 soldiers to 490,000. joining me now, former air force vice chief of staff and a fox news contributor. i want to get your overall reaction to this. >> i think we can do this. what concerns me is what has already happened and my friend general jack king has concern. by pulling out...

It's the first time the president of the united states has ever addressed report ergs from the briefinreporters from the briefing room here bill. bill: how is this exclusive to the u.s. army. >> reporter: it's not exclusive to the u.s. army. iraq and afghanistan were fought on the backs of ground forces. when 9/11 occurred there was not a large enough army to fight in afghanistan and iraq. during the surge they expanded the army to 570,000 groups. we learn the budget cuts are going to come on the backs of ground forces and the army in particular. the army will be the biggest losers. we are lea...

Them came from nonbanks. still today we could not be supervising those. there are 20 people who take pay day loans. 20 million. they often average two weeks. in many cases, the interest on those is 400%. because those were not banks, they're nonbanks, we could not supervise them until richard cordray was in place this makes a big difference. >> don't miss rachel maddow's unique take on politics, that's weeknights at 9:00 p.m. on msnbc. today we will learn more about changes coming to the u.s. military, adapting to what could be a trillion dollars in budget cuts over the next decade. presiden...