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(Studio: Tom Brokaw) Report introduced.
(DC: Andrea Mitchell) President-elect George Bush shown meeting with Gerald Ford and Jimmy Carter. Ford and Carter's budget recommendations outlined on screen. [FORD, CARTER - urge moderate taxation.] General Accounting Office budget deficit report quoted on screen. [General Accounting Office Comptroller General Charles BOWSHER - comments.] [Richard NIXON - defends Bush's deficit program.] Bush noted appointing Richard Darman as his budget director [BUSH -says he won't raise taxes.] [DARMAN - comments on cutting spending programs other than Social Security] Bush aides quoted.
(Studio: Tom Brokaw; DC: John Dancy) Budget illustration and discussed. Bush noted asking Congress to cut entitlement programs; details given.
(Studio: Tom Brokaw) Bush noted also retaining Educ. Secretary Lauro Cavazos and Attorney General Richard Thornburgh.
- Brokaw, Tom;
- Mitchell, Andrea
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