ABC Evening News for Monday, Nov 02, 1987
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(Studio: Peter Jennings) Stk. Mkt. Report Mtg. of White House and Congress representatives at budget summit reported Report introduced.
(DC: Sheilah Kast) Report of possible cuts in Social Security despite denials by White House chief of staff Howard Baker reported; details given, scenes shown. [Representative Thomas FOLEY - says budget summit not deadlocked.] Tenets of deficit reduction package, include discretionary budget and entitlement programs, discussed on screen. Issues of higher revenues through tax increase mentioned. Congress noted unlikely to make deep cuts domestically.
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