CBS Evening News for Wednesday, Jan 23, 1985
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(Studio) Report introduced
REPORTER: Dan Rather
(Studio) Govt. borrowing reported fastest growing federal expenditure; interest costs since 1980 and national debt outlined on screen. [Congress Budget Of c. spokesperson Rudolph PENNER - explains situation.] Growth of federal interest payments compared to defense and entitlements. [Feb. 1981, President REAGAN - appeals for spending cuts.] Programs experiencing budget cuts listed on screen; cost of financing massive budget deficits noted negating such cuts.
REPORTER: Jane Bryant Quinn
(Studio) Rel. between rising government deficit and interest rates discussed.
REPORTER: Dan Rather, Jane Bryant Quinn
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