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Economy: Bush Budget / Response #325467

CBS Evening News for Friday, Feb 10, 1989
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(Studio: Dan Rather) Report introduced.

(NYC: Ray Brady) Wholesale prices and prime rate increase illustration Stk. Mkt. Report [Econ. Don RATAJCZAK, financial analyst Robert BRUSCA - comment on situation.] Wholesale food and gasoline prices illustration Federal Reserve Bd. chairperson Alan Greenspan noted expected to raise interest rate; possible policy clash with President Bush noted. [Econ. Ward McCARTHY, RATAJCZAK - comment on situation's impact upon Bush's budget.]

(Studio: Dan Rather) Report introduced.

(DC: Lesley Stahl) Bush's reaction to economy dvts. examined. [In Canada, BUSH - says he is not worried.] Impact of higher interest and inflation rates upon deficit illustration [Budget director Richard DARMAN - defends budget figs.] [Senators Jim SASSER, Representative Leon PANETTA - criticize Bush's budget.] [DARMAN - denies Sasser's claims.] Budget negotiations between White House and Congress noted difficult.

(Studio: Dan Rather) Bush budget noted not allocating funds to Environmental Protection Agency for cleanup of Boston Harbor; Bush recalled using water pollution issue against Governor Michael Dukakis during campaign '88.

Reporter(s):
Brady, Ray;
Rather, Dan;
Stahl, Lesley
Duration:
00:05:10

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