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Economy: Budget #106399

ABC Evening News for Friday, Nov 13, 1987
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(Studio: Peter Jennings) Report introduced.

(DC: Sheilah Kast) Contd. mtgs. of budget deficit negotiators reported [Representative Thomas FOLEY - says we are moving toward an agreement.] [Senator Phil GRAMM - says Gramm-Rudman law will go into effect if negotiations not completed soon.] Automatic reductions in budget by Gramm-Rudman outlined on screen. Cuts in defense spending &domestic programs enumerated on screen. [Farmer Bruce VETTERS - says government spending has caught up with government] Cuts in programs for disadvantaged students discussed. [Teacher Enrique FRANCO - says effects on students are not being considered.] Impact of cuts on air traffic control expansion cited. [Passenger Steve BROOKS - says traffic situation is already overcrowded.] Negotiators' hopes to reach agreement and then maneuver around automatic cuts reported

Jennings, Peter;
Kast, Sheilah

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