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Reagan / Economy Pkg. #279601

CBS Evening News for Friday, Sep 25, 1981
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(Studio) Diversity of reaction to President Reagan's budget speech noted.
REPORTER: Dan Rather

(DC) House television tape shown. Criticism of Reagan's economy proposals by speaker Thomas O'Neill outlined. [Representatives O'NEILL and Robert MICHEL - exchange barbs.] Public reaction to televised address examined. [Congress Black Caucus spokesperson Representative Ronald DELLUMS - notes soc. programs being eliminated or cut.] [Senators Robert DOLE, Howard BAKER - acknowledge difficulty in pushing cuts through.] [Representative Tom TAUKE - thinks upcoming congress battle will be difficult.]
REPORTER: Susan Spencer

(Studio) Wall Street's reaction to last night's speech noted. "STK. MKT. RET". Dow Jones activity for recent mos. mentioned.
REPORTER: Dan Rather

(NYC) Problem in getting more budget cuts said anticipated for President Reagan. [Stk. analysts Hildegard ZAGORSKI, Thomas STILES - discuss market reaction to President's economy plan.] [Treasury Secretary Don. REGAN - cites market activity in recent mos.] Fin. community's prediction regarding imminent economy activity outlined.

(Studio) Reagan's criticism of Wall Street's lack of enthusiasm for 1st round of budget cuts recalled.
REPORTER: Dan Rather

(DC) [REAGAN - isn't concerned about stock market plunge.] Future budget cuts discussed; Treasury Secretary Don. Regan's reference to President's veto of any "budget-busting" legislature mentioned. [OMB director David STOCKMAN - comments on definition of truly needy.]
REPORTER: Bill Plante

Brady, Ray;
Plante, Bill;
Rather, Dan;
Spencer, Susan

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