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Economy: Budget / Reagan #553648

NBC Evening News for Saturday, Nov 14, 1987
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(Studio: Connie Chung) Report introduced.

(DC: Robin Lloyd) Concessions by President Reagan on ways to cut federal deficit reported [In radio address, REAGAN - says he is confident that budget negotiators will agree to budget-cutting package.] [Representative Thomas FOLEY - says he is pleased with Reagan's more conciliatory position.] Budget deal said to contradict Reagan's philosophy on new taxes and defense spending cuts. [On September 29, REAGAN - says "nuts" to those who call for weakening of our defense and those who call for raise in taxes.] New Defense Secretary Frank Carlucci said telling Congress that administration will accept defense spending cuts. Response of conservatives to Reagan's statements given. [Conservative lobbyist Paul WEYRICH - says the strong Reagan of past is not Reagan now.] Conservatives noted blaming White House chief of staff Howard Baker for change in Reagan. [Hudson Institute Mitch DANIELS - says Reagan has always been willing to compromise.] Reagan's willingness to compromise with Democratic Congress reiterated.

Chung, Connie;
Lloyd, Robin

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