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(Studio: Tom Brokaw) Report introduced.
(DC: Bob Kur) [President REAGAN - says final package is a compromise for both sides.] Crystal ball reported brought by Massachusetts Representative Silvio Conte; scenes shown. Negotiators' assertion noted that they have plan but Congress would not cooperate. [White House chief of staff Howard BAKER - says he is discouraged.] Proposed agreement shown. [Representative Connie MACK - says this not a compromise, but a retreat.] [Representative Mickey EDWARDS - says it's surrender.] [Senator Bob PACKWOOD - says President Reagan will want to see the details.] [Senator Phil GRAMM - says by trying to evade the implementation of the law, another stock market panic will ensue and move country closer to recession.] [Shearson Lehman Allen SINAI - says if deficits are not decrease, stock market will do it for us.] Pol. stalemate reported continuing.
- Brokaw, Tom;
- Kur, Bob
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