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(Studio: Peter Jennings) Report introduced.
(DC: Sheilah Kast) Mtg. of Congress and White House budget negotiators to try to reach agreement prior to Friday deadline, when Gramm-Rudman law goes into effect, reported; details given, scenes shown. [Senators Rudy BOSCHWITZ, David BOREN - discuss blame for committee 's failure to reach agreement.] Suggestion from bipartisan panel of Senators outlined on screen. [Senator Nancy KASSEBAUM - discusses plan.] [Prime minister of Great Britain Margaret THATCHER - says United States budget cuts must restore confidence in economy] OMB director James Miller mentioned. ABC News poll on choices for budget cuts reported Issue of tax increase versus budget cuts stated.
- Jennings, Peter;
- Kast, Sheilah
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