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Reagan warns of larger budget deficit in 1982
Steven R. Weisman reports that President Reagan faces a possible 1982 deficit exceeding 60 billion dollars, up from 42.5 over the original forecast, due to lagging economy and high interest rates. Stockman Meese and Baker plan further spending cuts as Congress weighs changes, with CBO projecting 51 to 62 billion. Treasury chief Reagan cites debt service costs as a factor.
MENTIONED IN THIS ARTICLE
Steven R. Weisman
New York Times
Santa Barbara
Calif
Reagan
Los Angeles
David A. Stockman
Office of Management and Budget
Congress
National Security Council
Stockman
Edwin Meese 3d
White House
James A. Baker
Meese
Congressional Budget Office
Treasury
Donald T. Regan