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1987 Budget #101234

ABC Evening News for Wednesday, Feb 05, 1986
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(Studio: Ted Koppel) Report introduced.

(DC: Sam Donaldson) President Reagan reported signing proposed 1987 fed. budget, developed under Gramm-Rudman guidelines; Representative Thomas O'Neill said invited but not attending ceremony. [REAGAN - claims budget doesn't adversely affect poor, elderly or national security] Specific proposals of President outlined on screen, discussed. [Council of Econ. Advisers chairperson Beryl SPRINKEL - defs. budget plan.] Admin.'s different standards applied to defense spending explained; increase requested for Star Wars cited as example [REAGAN - defs. separate standards for defense versus soc. budgets.] Admin.'s skit defending cuts shown.

(DC: Brit Hume) Capitol Hill's response to President's budget featured; scenes shown. [O'NEILL - doesn't believe public will support President's cuts.] [Defense Secretary Caspar WEINBERGER - endorses double standard for defense and soc. budgets.] [Senator Phil GRAMM - notes Gramm-Rudman bill forces Congress into action.] [Senators Pete DOMENICI, Ernest HOLLINGS - defense push for tax increases]

(Studio: Ted Koppel) Report introduced.

(DC: Charles Gibson) Impact of proposed budget cuts on various segments of society examined. [1984, during campaign, REAGAN - praises federally subsidized hsing.] His current budget noted eliminating subsidies for all such hsing. [Virginia CALKINS, Culpepper Garden administration Bill HARRIS - cite unique needs of elderly not met in private apts.] Other programs cut or eliminated listed, discussed. [Representative William GRAY - lists programs eliminated under Reagan budget.]

Donaldson, Sam;
Gibson, Charles;
Hume, Brit;
Koppel, Ted

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