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Budget Cuts #70000

ABC Evening News for Wednesday, Feb 11, 1981
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(Studio) President Reagan reported calling several cabinet inbrs. in for final review of his proposed budget cuts.
REPORTER: Frank Reynolds

(DC) Depts. of Agriculture, Interior and Health and Human Services said laying out their proposals to President as OMB director David Stockman looked on; details given, films shown. [Health and Human Services Secretary Richard SCHWEIKER - comments on continued efforts to decrease his department's budget.] Basis of Health and Human Services cuts outlined. [SCHWEIKER - notes minimum Social Security payment.] Admin.'s continued insistence on cuts cited.
REPORTER: Sam Donaldson

(DC) Admin.'s revised estimates of budget cuts' effect on inflation examined; details outlined on screen, discussed. Possibility of recession at end of year mentioned.

Donaldson, Sam;
Hume, Brit;
Reynolds, Frank

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