McMahon: I think the cut is 1.2 billion, Reed: That would be 12 billion not a trillion

eed: I’m not a great mathematician but I think you were talking about a trillion dollars. I believe 1.5 billion times ten is 15 billion.

McMahon: I think the cut is 1.2 billion

Reed: That would be 12 billion not a trillion

McMahon: Okay