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Budget #523760

NBC Evening News for Monday, May 24, 1982
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(Studio) Report introduced
REPORTER: Tom Brokaw

(DC) Opposition to large budget deficit by Michael Blumenthal, John Connally, Douglas Dillon, Henry Fowler and William Simon recalled; respective Treasury Secys. under Jimmy Carter, Richard Nixon, John F. Kennedy, Lyndon Johnson, and Gerald Ford noted opposing budget deficits. [FOWLER, CONNALLY, SIMON - warn against situation.] Reception of group by Treasury Secretary Don. Regan noted. [President REAGAN - notes group's lack of access to power.] Inability of group to influence administration cited.
REPORTER: Irving R. Levine

(Studio) President and speaker Tip O'Neill noted duelling over budget.
REPORTER: Tom Brokaw

(DC) President's apparent reaction to O'Neill's criticism described. [REAGAN - considers O'Neill demagogue.] [Representative Claude PEPPER - responds with regard to Medicare cuts.]
REPORTER: Judy Woodruff

Brokaw, Tom;
Levine, Irving R.;
Woodruff, Judy

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