Vanderbilt Television News Archive

(Studio: Peter Jennings) Weakness of dollar valuation in international market reported Report introduced.

(DC: Sam Donaldson) Dollar value contrasted to Japanese yen and German mark on screen. [President REAGAN - says we are not doing anything to bring dollar down.] Stmt. noted reversal of recent administration policy of allowing dollar to fall. Stmt. of Treasury Secretary James Baker in last week's "Wall Street Journal" quoted on screen. [REAGAN - says he doesn't want further decline of dollar.] Problems in preventing a further decline discussed. [Ex-chairperson of Council of Econ. Advisers Charles SCHULTZE - says administration can't control dollar.] Progress in Washington, DC budget summit talks reported [Representative Thomas FOLEY - says we are approaching an agreement.] Democrats' plan for budget deficit cuts detailed on screen. [Representative Trent LOTT - opposes new taxes.] World money mkts. noted remaining unsettled.