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(Studio: Dan Rather) Report introduced.
(Santa Barbara, California: Bill Plante) Significance of Commerce Department's revised gross national product and continued growth of budget deficit discussed; details given, scenes shown. [Econ. Alan GREENSPAN - notes tax reform bill will exacerbate situation; cites possibility of recession.] Projected 1987 budget deficit mentioned. [Representative William GRAY - calls for spending cuts as well as revenue enhancement.] [OMB director James MILLER - notes President Reagan's position on tax increase] [Chief of staff Don. REGAN - remains optimistic.]
- Plante, Bill;
- Rather, Dan
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