× The Vanderbilt Television News Archive is currently closed to in-person research, but is still fulfilling loan requests. For the latest information about COVID-19 (coronavirus disease), visit vu.edu/coronavirus.
Search the Archive

Reagan / Economy #313118

CBS Evening News for Tuesday, Oct 20, 1987
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio: Dan Rather) Report introduced.

(DC: Bill Plante) Reagan said to be considering feasibility of taxation. [REAGAN - says he is willing to look at whatever proposal Congress might have and that he is willing to participate in anything that might bring them closer together.] Reagan's meeting with Secretary of Treasury James Baker and Federal Reserve Chairperson Alan Greenspan noted. [REAGAN - says economy indicators are solid and no one should panic.] Trade deficit's increase graphed. Budget deficit's increase graphed. [REAGAN - says the Congress is responsible for the deficit.] [Econ. Charles L. SCHULTZE - says it is absurd to blame Congress for the deficit when everyone knows taxation in a situation such as this is necessary.] Reagan's new flexibility toward taxation discussed.

(DC: Phil Jones) Congress's view of the plunging stock market discussed. [Representative Dan ROSTENKOWSKI - says they need to stop playing political games and work out a deficit reduction plan.] [Senator Pete DOMENICI - says market now dramatically up.] Pressure for Reagan to agree to some kind of economy summit reported [Representative Jim WRIGHT - says the rhetorical conflicts between exec. and legislature branches do not breed confidence but are unsettling.] When Reagan's announcement made regarding new openness to taxes, Senators said to have rejoiced. [Senator Robert BYRD - says the change in Reagan's attitude was in itself a breakthrough.] [Senator James EXON - says maybe the road of confrontation for the sake of confrontation has ended.] Partisan stalemate said no longer acceptable. Senator Robert Dole mentioned.

(Studio: Dan Rather) For. exchanges' reactions to United States stock market discussed. [British economy Mike OSBORNE - says the American Congress needs to do something about the federal deficit because it is affecting the international market] Australian, British and Japanese market losses mentioned.

Reporter(s):
Jones, Phil;
Plante, Bill;
Rather, Dan
Duration:
00:04:50

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.