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Economy: Budget / Social Security #553669

NBC Evening News for Sunday, Nov 15, 1987
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(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.

Reporter(s):
Kur, Bob;
Lloyd, Robin;
Utley, Garrick
Duration:
00:05:20

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