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Bal. Budget Amendment #523979

NBC Evening News for Saturday, May 08, 1982
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(Studio) President Reagan, during his radio address today, reported calling for Congress approval of his budget; call by some for constitutional amendment prohibiting budget deficit noted.
REPORTER: Jessica Savitch

(DC) Current status of balance budget amendment examined. [April 29, 1981 President REAGAN - thinks amendment will help nation's economy problems.] Response of Federal Reserve Bd. chairperson Paul Volcker noted. Details of amendment outlined. [Senator Jesse HELMS - notes political problems caused by opposing certain issues.] [Senator Dennis DeCONCINI - thinks limits are good.] Possible future of amendment considered. [Representative Jim JONES - believes amendment is purely gimmick.] Specifics of amendment outlined on screen. [Senator Charles MATHIAS - comments.] Pol. safety valve aspect of amendment explained.
REPORTER: John Dancy

Dancy, John;
Savitch, Jessica

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