CBS Evening News for Friday, Feb 01, 1985
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(Studio) President Reagan's estimate federal deficit next year noted.
REPORTER: Dan Rather
(Kokomo, IN) Rel. between federal deficit and local econs. explained, discussed. [Clyde WILKERSON - notes bill must be paid some day.] Impact of rising interest rates attributed to deficit on private citizens considered. [DELCO general manager Don. ALMQUIST - notes business is directly affected by interest rates.] [Don MASON - explains impact of high interest rates on small steel inds.] [Banker Bill CARMICHAEL - agrees; elaborates.] [Farmer David ETHRINGTON - fears insolvency.] [Mayor Stephen DAILY - cites irony inherent in problem.] [MASON - comments on deficit reduction's impact on next generation.]
REPORTER: Bob Schieffer
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