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(Studio: Dan Rather) President-elect George Bush reported appointing Richard Darman as his budget director Report introduced.
(DC: Deborah Potter) [BUSH - praises Darman and comments on reducing budget deficit.] Bush noted requesting that Educ. Secretary Lauro Cavazos and Attorney General Richard Thornburgh remain in their positions. [BUSH - says he won't raise taxes.] [DARMAN - comments on spending cuts and Social Security] Report entitled "American Agenda", co-authored by Gerald Ford and Jimmy Carter, outlined on screen. [FORD, CARTER - urge moderate taxation.] Richard Nixon reported mtg. with Vice President-elect Dan Quayle. [NIXON -praises Quayle.]
(Studio: Ray Brady) [DARMAN - comments on soc. programs that have to be cut.] Bush's spending freeze detailed. House Budget Committee's report outlined on screen. [Committee for Responsible Federal Budget spokesperson Carol COX - comments.] Budget illustration [Econ. Richard HOEY - says Bush will raise taxes.] [Senator J. Bennett JOHNSTON - comments.] Bush noted upholding budget submitted by President Reagan.
- Brady, Ray;
- Potter, Deborah;
- Rather, Dan
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