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Southern Illinoisan in Carbondale, Illinois

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Southern Illinoisan

Location

Carbondale, Illinois, United States of America

Date

Jan 08, 1981

Page

20

Reagan seeks new ideas to cut spending amid gloom

President elect Ronald Reagan asks aides to present alternatives for trimming federal outlays and reviving the economy as deficits loom at nearly 60 billion dollars for 1981. Stockman and Regan describe a sweeping program including tax cuts, spending cuts, and regulatory reforms to lift growth.

Washington Ronald Reagan Reagan Los Angeles Treasury Donald Regan Regan David Stockman Stockman

Budget deficit worse than Reagan expected in 1981 outlook

The outgoing Carter administration warns of an inflation rate above 12 percent and unemployment near 8 percent in 1981. Stockman says the deficit could reach 60 billion dollars, double previous Carter projections, as Reagan prepares to assume office amid high rates and tepid growth.

Washington Ronald Reagan Carter Congressional Budget Office Reagan David A. Stockman Congress Data Resources Inc Chase Manhattan Bank

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