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National Debt Ceiling #93041

ABC Evening News for Monday, Oct 07, 1985
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(Studio) Report introduced
REPORTER: Peter Jennings

(DC) Implications for federal employees of standoff between President Reagan and Congress over his request that national debt ceiling be drastically raised discussed; argument said focusing on Senator effort to pass legislature proposed by Senators Phil Gramm and Warren Rudman aimed at lowering fed. deficit. [RUDMAN - notes need to decide now or after 1986 elecs.] President's remarks noted omitting allusion to his role in creating deficit. [REAGAN - claims to have inherited deficit spending.] [Representative Thomas O'NEILL - outlines Democrat proposal.] [Treasury department employee Don CRAFTS - isn't worried yet.]

(NYC) [1981, REAGAN - tries to explain trillion dollars.] Current size of federal deficit and government's effort to finance itself outlined on screen, discussed. [Econ. Richard EVERETT - comments.]
REPORTER: Dan Cordtz

Cordtz, Dan;
Hume, Brit;
Jennings, Peter

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