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A Closer Look (Budget Surplus) #192955

ABC Evening News for Monday, Jun 26, 2000
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(Studio: Kevin Newman) President Clinton's new estimate of the budget surplus cited.

(White House: John Cochran) The question of what to do with this huge budget surplus examined; details given of President Clinton's prescription drug plan. [Budget analyst Stanley COLLENDER - says the surplus is red meat to politicians; cautions about the projections.] [CLINTON - says if Congress passes a drug plan he will sign a marriage relief tax law.]

(Studio: Kevin Newman) Report introduced.

(New York: Robert Krulwich) The question of what would happen to Treasury bond sales if the national debt is paid off examined. [Long-time saver Julia NEWBART - says bonds are the best investment; expects prosperity won't last much longer.] [Former Federal Reserve Board member Alan BLINDER - says if the debt is paid off there would be no more government bonds to be bought.]

Cochran, John;
Krulwich, Robert;
Newman, Kevin

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