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(Studio: Bob Schieffer) President Reagan, in weekly radio address, reported defense budget cuts in education &drug war.
(DC: Terence Smith) President's effort to shift public attention from Iran arms scandal to domestic considerations in his weekly radio address noted. [Voice of REAGAN -outlines his domestic objectives.] Senate Intelligence Committee report's findings and Reagan's State of the Union speech noted raising questions about his management abilities; details given, scenes shown. ["US News and World Report" editor David GERGEN -cites need for chief of staff Don. Regan to resign.] Resignation of White House political director Mitch Daniels mentioned. [GERGEN - believes Reagan revolution's demise has been accelerated by Iran scandal.]
- Schieffer, Bob;
- Smith, Terence
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