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(Studio) President Reagan reported seeking support for new budget cuts from conservative House Democrats, known as Boll Weevils; details given.
REPORTER: Dan Rather
(DC) OMB director David Stockman's latest proposed budget noted affecting entitlement programs; details given. Deputy press secretary Larry Speakes said not ruling out Social Security program. [REAGAN - addresses south Democrats] Areas of proposed cuts supported by south Democrats considered. [Representative G.V. MONTGOMERY, Charles STENHOLM - outline areas they feel need reassessing.] [Speaker Thomas O'NEILL - asks President if things have changed.] [REAGAN - responds.] Speakes quoted.
REPORTER: Lesley Stahl
- Rather, Dan;
- Stahl, Lesley
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