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(Studio) Implications of continuing high interest rates for administration's economy program noted.
REPORTER: Frank Reynolds
(DC) President Reagan's dedication of Douglas MacArthur corridor in the Pentagon shown; his efforts to both balance budget for 1984 and cut defense spending discussed. Details outlined on screen; OMB director David Stockman's assessment of situation noted. [REAGAN - thinks economy program will work, is optimistic about interest rates.] His commitment to long-range recovery mentioned.
REPORTER: Sam Donaldson
(DC) [Congress Budget Ofc. spokesperson Alice RIVLIN - has good and bad news.] Deficit projected by Congress Budget Ofc. outlined on screen, discussed. [Representative David OBEY, Senator Ted STEVENS - acknowledge constituents' concern over interest rates.] Possible alternatives faced by administration outlined on screen.
REPORTER: Charles Gibson
(Studio) Item recapped at end of broadcast
- Donaldson, Sam;
- Gibson, Charles;
- Reynolds, Frank
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