Obama Gets Serious About Budget Cuts on Wednesday's Edition of "The Pulse"

Police have new suspects in the Vegas Strip shooting, and Obama gets serious about spending cuts. Here is Wednesday's edition of "The Pulse".

Vegas Shooting
Las Vegas police, looking for a couple of suspects in connection with the Las Vegas Strip shooting that killed three people. They say they have a suspect, who's the alleged shooter,  and a woman, police think may be an accomplice. Police are calling them both "persons of interest" in the shooting that killed aspiring rapper Kenneth Cherry and two bystanders inside a taxi.

Jodi Arias Trial
Jodi Arias, taking the witness stand for the 12th day inside an Arizona courtroom. She is on trial for killing her boyfriend in 2008. Arias claims it was self-defense, but prosecutors say it was premeditated murder.

Colorado Transgender
The parents of a Colorado first grader have filed a discrimination lawsuit against their child's school. Their child was born a boy, but identifies as a girl, and up until December, she was using the girls bathroom at school. It wasn't until the family received a letter, saying that the use of the girls bathroom makes other parents uncomfortable, that they took action. The girl's parents pulled her out of the school. In a press conference Wednesday, they say they were afraid of bullies.

Comeback for Hostess Products?
Twinkies and Wonder Bread are one step closer to making a comeback. Wonder Bread and other brands have accepted the bid of Flowers Foods. The deal, announced Wednesday, will allow certain Hostess products to be produced and sold again, but the deal still has to be approved by a court.

Sequestration
President Obama, sending a message to the four congressional leaders, saying it's time to get serious on forced budget cuts. The leaders will meet at The White House on Friday to discuss the possible cuts, in hopes to reach an agreement. If they don't, the spending cuts will take affect after March first.