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Economy / Budget #62996

ABC Evening News for Tuesday, Nov 11, 1980
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(Studio) President Carter's hopes for upcoming budget noted differing from that recently stated by his press secretary; details given.
REPORTER: Frank Reynolds

(DC) House Budget Committee's response to Ronald Reagan's recent claim re: budget outlined. [Chairperson Representative Robert GIAIMO - comments.] [Representative Jim MATTOX - comments.] Recommendation of Representative Marjorie Holt noted. [Senator Howard BAKER - comments.] Probability of tax cut of some kind and implications for Reagan cited.

(DC) Senator John Tower's response to Reagan's call for balance budget and defense allotments outlined. [TOWER - comments.] Estimated military spending in next budget year outlined on screen; military priorities of Reagan administration listed, discussed. [TOWER - comments.] [Former defense official Paul WARNKE - comments.] Changes evident so far outlined.
REPORTER: John McWethy

Hume, Brit;
McWethy, John;
Reynolds, Frank

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