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Economy: Budget #560756

NBC Evening News for Thursday, Feb 18, 1988
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(Studio: Tom Brokaw) President Reagan's '89 federal budget announced. Report introduced.

(DC: Andrea Mitchell) Reagan budget outlined; stock market crash and budget summit recalled. [REAGAN - says budget doesn't increase taxes.] Deficit detailed. [Treasury Secretary James BAKER - comments on budget cuts.] Congress Budget Ofc.'s deficit estimate noted much greater than Reagan's figs. [Representative Dan ROSTENKOWSKI - comments on election year] Budget illustration [Representative Charles SCHUMER - criticizes budget's treatment of urban poor.] Mil. spending cuts noted being most significant; details given, scenes shown. Anti-satellite weapons and Midgetman missile programs mentioned. [ECON. - says budget not solving enough problems to ensure stock market stability.] White House officials quoted regarding election year

Reporter(s):
Brokaw, Tom;
Mitchell, Andrea
Duration:
00:02:50

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