Search the Archive

Economy: Budget / Social Security #553669

NBC Evening News for Sunday, Nov 15, 1987
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws. For any such use, please visit NBC NEWS Archives XPRESS.

(Studio: Garrick Utley) Report introduced.

(DC: Robin Lloyd) (Temporary audio loss) Willingness of President Reagan to consider delays in cost of living increases in entitlement programs, such as Social Security and vets.' benefits, reported Reagan's position that Social Security is off- limits to cuts noted. Republicans' efforts for budget agreement noted. [On "Meet the Press", Robert MICHEL - says we can't rule out Social Security cuts altogether.] [On "This Wk.", Senator Pete DOMENICI - must take real look at everything.] [Ex-Secretary Treasury William SIMON - says can't get budget under control until entitlements are settled.] Democrats' reluctance to touch Social Security stated. [On "Meet the Press", Representative Dan ROSTENKOWSKI - doubts if votes to cut Soc. Sec. can be obtained.] [On "This Wk.", Representative Trent LOTT - says Social Security is not causing the problem.] Admin.'s demand that benefit programs be trimmed stated. [On "This Wk.", Senator Lawton CHILES - says elderly groups willing to sacrifice.] Reagan's position on Social Security stated.

(Studio: Garrick Utley) Report introduced.

(DC: Bob Kur) Budget deficit committee featured; details given, scenes shown. [Representative Thomas FOLEY - says no one offered preliminary recriminations.] Offering of several plans noted. [Representative Silvio CONTE - says he threw out last plan in disgust.] Wall Street reported not impressed by budget committee [Merrill Lynch spokesperson Martin MAURO - says committee has yet to offer specific proposals.] Likely deal outlined on screen: deficit reductions, increase taxes, benefit cuts, domestic cuts and defense spending cuts. [Senator Robert PACKWOOD - discusses problems of making specific cuts.] Automatic cuts said to go into effect if politically negotiated agreement not reached.

(Studio: Garrick Utley) Upcoming week in Washington, DC previewed.

Kur, Bob;
Lloyd, Robin;
Utley, Garrick

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.