SENATE BUDGET GROUP SHELVES REAGAN ECONOMIC DATA
The Senate Budget Committee, at its
first budget drafting meeting of the year, discarded President
Reagan's economic assumptions upon which he claims his budget
would show a 108 billion dlr deficit.
    In its place, the committee agreed to accept the non
partisan Congressional Budget Office (CBO) economic assumptions
in its deliberations for drafting a 1988 budget.
    The CBO says Reagan's budget--even if it were adopted
without change --would show a 134.4 billion dlr deficit in
fiscal 1988 and thereby miss the Gramm-Rudman budget law target
of 108 billion dlrs.
 Reuter
