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Economy / Budget #513737

NBC Evening News for Friday, Oct 30, 1981
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(Studio) Reagan administration reported acknowledging need to revise economy program due to inability of balancing budget by 1984.
REPORTER: Roger Mudd

(DC) Treasury Secretary Don. Regan's testimony before Senator Budget Committee regarding situation examined. [Senator Lawton CHILES - questions possibility of balance 1984 budget.] [REGAN - considers such event improbable; calls for congress help.] Regan's prediction for inflation cited. [REGAN - wants reduced hsing. rates.] General concern for probable necessity of revising economy plan noted.
REPORTER: Lisa Myers

(Studio) Admin.'s position on relationship between interest rates and inflation recalled; Federal Reserve Bd. reported lowering its discount rate today. Details given.
REPORTER: Roger Mudd

Mudd, Roger;
Myers, Lisa

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