Obama Sends KSM to NYC, Then Cuts City's Anti-Terror Funds

New York lawmakers ripped the Obama adminstration Friday for cutting the city's counterterror funding for transportation by more than $50 million even as threat levels are expected to increase.

"When the administration is wrong, they're wrong," said Sen. Chuck Schumer (D-N.Y.). The city "remains the prime target of terrorists so it makes no sense for the administration to cut this money," Schumer said.

Schumer and Rep. Peter King (R-N.Y.) said New York's share of the Transit Security Grant Program, run by the Department of Homeland Security, was slashed by $43 million for 2010 to $110.6 million from $153.3 million this year - a 28% cut.

Earlier, DHS chopped the Port Security Grant Program by about $11 million from $45 million to $33.8 million - a 25% reduction.