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Economy: Stock Market / Deficit #106332

ABC Evening News for Sunday, Nov 01, 1987
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(Studio: Sam Donaldson) Bus. hrs. on New York Stk. Exchange reported Report introduced.

(NYC: Sheilah Kast) Rough times for economy said predicted by some econ. experts. [Courtesy CBS, ex-chairperson Chase Manhattan Bank David ROCKEFELLER - predicts recession.] Deficit cut noted being negotiated by representatives of administration and Congress [Senator Pete DOMENICI - foresees deficit cuts.] Items include in possible spending freeze noted. [On "One on One", Chairperson Mesa Petroleum Company T. Boone PICKENS - agrees to defense spending cut.] Conservatives' push for entitlement cuts in Medicare and farm programs noted. [On CBS, Representative Dan ROSTENKOWSKI - discusses cuts.] Issues of higher revenues and increase taxes discussed.

Donaldson, Sam;
Kast, Sheilah

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