Reagan shifts Social Security course with bipartisan push
President Reagan backs delaying broad cuts and blending the three Social Security trust funds to avert near term shortfalls. He urged Democrats to join a bipartisan effort to restore fiscal integrity and keep benefits for current low income recipients, signaling a shift from his earlier plan.
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Washington
Congress
Reagan
The
Nation
House
White House
Wall Street wary as Reagan demands more cuts and taxes
Wall Street remains gloomy after President Reagan's speech proposing an extra 13 billion in spending cuts and 3 billion in tax boosts. Economists warn deficits could rise beyond 1982, keeping interest rates high, while NAM urges rapid investment to show confidence in the program.
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New York
Wall Street
Reagan
Frank Mastrapasqua
Smith Barney, Harris Upham & Co
Thomas Lawler
Chase Manhattan Bank
Washington
Jack Carlson
National Association of Realtors
National Association of Manufacturers
NAM
Alexander B. Trowbridge
Congress
Rea
Donald Maude
Merrill Lynch & Co
Reagan budget cuts poll shows broad support in Missouri
A statewide poll for the St. Louis Globe-Democrat and KMOX-TV found 62 percent in favor of President Reagan's budget cuts, 21 percent opposed, and 18 percent with no opinion after his speech. Fifty-one percent approved the proposed $2 billion defense cuts, 29 percent disapproved, 19 percent had no opinion. Market Shares Corp. of Chicago conducted the poll, and 56 percent of at home respondents listened to or watched the speech Thursday evening.
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Globe-Democrat
Kmox-Tv
Reagan
Market Shares Corp
Chicago
Mixed reactions in Illinois greet Reagan budget plan
Illinois lawmakers offered a mixed reception to President Reagan’s budget proposal delivered in a televised address. Republicans praised deficit containment but resisted committing to tax reform, while Democrats varied from lukewarm to critical, with Sen. Alan Dixon supporting some changes to Social Security funding and Rep. Paul Simon criticizing the tax cut's impact on markets and the dismantling of Energy and Education.
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Illinois
Reagan
Henry J. Hyde
R-Bensenville
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VA to require proof of poverty for medical care
The Veterans Administration plans to end universal free care by year end, requiring veterans to prove they cannot pay for services. By January 1, more than 3.15 million outpatient and hospitalized veterans may lose VA coverage unless they cannot afford treatment. The rule, pending OMB clearance, limits free care to those under $15,000 family income or with spendable income exceeding costs, with emergencies still covered.
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Office of Management and Budget
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