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Economy: Budget #319855

CBS Evening News for Thursday, Feb 18, 1988
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(Studio: Dan Rather) President Reagan quoted regarding budget. Report introduced.

(DC: Phil Jones) Reception of President Reagan's '89 budget at Congress featured. [Senator Lawton CHILES - comments on budget.] [REAGAN - says wants to work with Congress] Budget illustration and discussed. Federal deficit during Reagan admin. illustration '87 budget summit recalled; scenes shown. [REAGAN - says budget doesn't increase taxes.] [Representative Dan ROSTENKOWSKI - comments on budget.] Elec. year factor mentioned. [Senator Ernest HOLLINGS - comments on election year] Elec. year reported keeping economy pessimism to a minimum.

(Studio: Dan Rather) Budget's defense spending and SDI/Star Wars provisions discussed. Report introduced.

(DC: David Martin) Budget deficit's impact upon United States naval forces discussed; details given, scenes shown. [Defense Secretary Frank CARLUCCI - comments on situation.] [Senator Sam NUNN - comments on budget and Carlucci's realism.] Naval size reported being reduced. [San Diego, California, mayor Maureen O'CONNOR - says reducing Naval forces will hurt San Diego's economy] Nevada's Nellis Air Force Base noted having to deactivate F-16 jet fighters because of budget cuts. [Representative James BILBRAY - says actions will harm Nevada economy] Mil.'s expansion hopes during Reagan administration noted being dashed by Carlucci. [CARLUCCI - comments on situation.] Congress reported now deciding issue.

Jones, Phil;
Martin, David;
Rather, Dan

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