Latest southern Colorado news, weather and sports from FOX21 News

LONDON (AP) — Security at the 2012 London Games won't be jeopardized by budget cuts, Olympic organizers said Tuesday.

The government has announced that it hopes to cut the 600-million pound ($953 million) Olympic security budget by about a quarter.

Despite the 125 million pounds in planned savings, London 2012 chief executive Paul Deighton told legislators that he is "completely confident all the risks have been covered."

Deighton says the security threat hasn't diminished since the original budget was drawn up, but what has changed is "the understanding of what is involved in policing at games time."

Meanwhile, London organizers announced Tuesday that the 4,700 medals required for the Olympics will be made by the Royal Mint at its headquarters in south Wales.

A shortlist of the British-based artists who will design the gold, silver and bronze medals is being drawn up and the final design will be announced next year.