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Economy: Budget #313499

CBS Evening News for Monday, Nov 16, 1987
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(Studio: Dan Rather) Report introduced.

(DC: Phil Jones) Social Security said to be on deficit cutting agenda. Unnamed source's comments regarding severity of deficit problems quoted. Petitions against cutting Social Security and Medicare being delivered to Congress shown. Senior citizens' calls that their benefits be protected discussed. [WOMAN - talks about repercussions of cutting Social Security] Representative Claude Pepper's opposition to cutting Social Security mentioned. [PEPPER - says the way to reduce the deficit is not by cutting senior citizens' benefits.] Proposed deficit package graphically shown. President Reagan's refusal to consider package noted. [Senator Pete DOMENICI - says everyone has to compromise some in order to achieve the goal.] Negotiations said at deadlock and failure unless House speaker Jim Wright or President Reagan intervene.

Jones, Phil;
Rather, Dan

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