Search the Archive

Economy: Stock Market / Budget #553779

NBC Evening News for Friday, Nov 20, 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: Tom Brokaw) Report introduced.

(DC: Bob Kur) President Reagan and Congressional leader's shown announcing deficit reduction plan. [REAGAN - says not exactly what he wanted but is good beginning.] [Representative Jim WRIGHT - says nobody gets everything he wants.] [Senator Robert BYRD - says it's good message to send to the market and the people.] Stk. Mkt. Report Deficit reduction plan demonstrated. [REAGAN - discusses types of taxation in package.] Mil. spending cuts depicted. Medicare, farm programs, education and other domestic spending reported being cut by Congress approval. Criticism mentioned of plan. [White House chief of staff Howard BAKER - says no one is happy with situation.] [Senator Bob PACKWOOD - says it's a miserable little pittance.] [Senator Pete DOMENICI - says it's the best that can be expected.] Gramm-Rudman-Hollings law and those opposed to its implementation discussed. [Senator Robert MICHEL - says there are members with other ideas that should be heard.] [Representative Charles SCHUMER - says package is not the way to properly legislature] Republican opposition to taxes mentioned. Necessity of Reagan rallying Congress members noted.

(Studio: Tom Brokaw) [Representative Tom FOLEY - says agreement represents an important pact between parties to achieve an alternative to across-the-bd. budget cuts which would otherwise take place. The mkts. and United States people should recognize that the leadership in Washington, DC is effective. Agreement's details and significance outlined. Passage of agreement discussed.]

Brokaw, Tom;
Kur, Bob

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.