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01/23/1981 (case file 043303)
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74231145
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01/23/1981 (case file 043303)
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Presidential Briefing Papers
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WITHDRAWAL SHEET
Ronald Reagan Library
Collection Name PRESIDENT, OFFICE OF THE: PRESIDENTIAL BRIEFING
Withdrawer
PAPERS
RBW 12/7/2007
File Folder
01/23/1981 (CASEFILE 043303)
FOIA
S07-0077/01
Box Number
1
DOC Doc Type
Document Description
No of Doc Date Restrictions
NO
Pages
1
MEMO
FROM E. PENDLETON JAMES RE MTG.
2 1/23/1981
B6
WITH STU SPENCER
Freedom of Information Act - [5 U.S.C. 552(b)]
B-1 National security classified information [(b)(1) of the FOIA]
B-2 Release would disclose internal personnel rules and practices of an agency [(b)(2) of the FOIA]
B-3 Release would violate a Federal statute [(b)(3) of the FOIA]
B-4 Release would disclose trade secrets or confidential or financial information [(b)(4) of the FOIA]
B-6 Release would constitute a clearly unwarranted invasion of personal privacy [(b)(6) of the FOIA]
B-7 Release would disclose information compiled for law enforcement purposes [(b)(7) of the FOIA]
B-8 Release would disclose information concerning the regulation of financial institutions [(b)(8) of the FOIA]
B-9 Release would disclose geological or geophysical information concerning wells [(b)(9) of the FOIA]
C. Closed in accordance with restrictions contained in donor's deed of gift.
&
Page 151\
ID # 043303
WHITE HOUSE
OFFICE OF RECORDS MANAGEMENT
WORKSHEET
TR
X-MEDIA
H-INTERNAL
Name of Document: BRIEFING PAPERS
FOR PRESIDENT'S
Subject Codes:
SCHEDULED
APPOINTMENTS FOR
JAN2381
PR 007 - 01
1) Subject: Breakfast meeting with the Republican
PL 005 - 04
Congressional Ceadership.
FG 031 -
50 001 -
2) Meeting with Murray Weidenbaum,
FG
006 - 03
noninee for Chairman of the Conncil
-
of Economic advisors
-
-
3) Meeting Suncheon meeting with Paul
FG
143 -
Volcker, Chairman of the Federal
-
Reserve Board.
-
-
4) Meeting with Sty Spencer to discuss
FG 022 -
then position of undersecratary of
PE 002 - 01
Services the Reparlment of Health and Human
-
I
-
-
-
ROUTE TO:
ACTION
DISPOSITION
Office/Agency
(Staff Name)
Action
Tracking Date
Type of
Completion Date
Code
YY/MM/DD
Response
Code
YY/MM/DD
RMHENL
RSZ
C
Referral Note:
REVISED 1/23/81
THE WHITE HOUSE
WASHINGTON
PRESIDENT RONALD REAGAN'S SCHEDULE
Friday, January 23, 1981
8:30 am
GOP LEADERSHIP BREAKFAST
First Floor Family
Project Officer:
(1 Hour)
Pool Photo Opportunity at
Dining Room (Residence)
Max L. Friedersdorf/
Beginning
Helene von Damm
(See Tab "A" for participants
and briefing memorandum)
9:30 am
SECURITY BRIEFING
Oval Office
Project Officer:
(15 Min.)
Richard V. Allen
10:03
9:45 am
PRIVATE MEETING WITH
Oval Office
(15 Min)
WILLIAM A. WILSON
10:00 am
MEETING WITH CHAIRMAN OF
Oval Office
Project Officer:
(30 Min)
COUNCIL OF ECONOMIC ADVISORS
Martin Anderson
Pool Photo Opportunity at
Beginning + statement by RR
(See Tab "B" for participants
and Agenda)
Sign commissions
10:30 am
CABINET MEETING
Cabinet Room
Project Officer:
(1 Hour)
Pool Photo Opportunity at
Craig Fuller
Beginning
(See Tab "C" for Agenda)
11:50 am
DEPART FOR TREASURY DEPARTMENT
NOON
LUNCH WITH SECRETARY REGAN, CEA
Treasury Dept.
Project Officer:
(1 Hour)
CHAIRMAN, FRB CHAIRMAN PAUL
Martin Anderson
VOLCKER AND DR. MARTIN ANDERSON
Pool Photo Opportunity at
Beginning
(See Tab "D" for talking points)
1:15 pm
RETURN TO WHITE HOUSE
1:30 pm
PRIVATE MEETING WITH STU SPENCER, Oval Office
Project Officer:
(30 Min)
LYN NOFZIGER AND PEN JAMES
Pen James
(See Tab "E" for briefing
memorandum)
2:00 pm STAFF TIME
Oval Office
(30 Min)
buys Ed meese
2:30 pm
RETURN TO RESIDENCE
TAB 'A
THE WHITE HOUSE
WASHINGTON
January 22, 1981
MEMORANDUM FOR: The President
FROM:
Max L. Friedersdorf
Assistant to the President
for Legislative Affairs
SUBJECT:
Breakfast meeting with Republican
Congressional Leadership
TIME:
8:30 A.M. (1 hour)
January 23, 1981
PLACE:
First Flocr, Family Dining Room
PURPOSE:
To have the first Presidential meeting
in the White House with the Republican
Congressional Leadership.
PARTICIPANTS:
The Vice President
SENATE:
Howard Baker
Ted Stevens
Jim McClure
Jake Garn
John Tower
Bob Packwood
Strom Thurmond
Paul Laxalt (regrets - will be out of town)
HOUSE:
Bob Michel
Trent Lott
Jack Kemp
(regrets - will be out of town)
Dick Cheney
Jack Edwards
Clair Burgener
Ed Madigan
Guy Vander Jagt
Page Two
January 22, 1981
STAFF:
Ed Meese
Jim Baker
Mike Deaver
Dave Stockman
Max Friedersdorf
Ken Duberstein
Powell Moore
BACKGROUND:
The President has announced his intention
to have regular meetings with the Republican
Congressional Leadership and this breakfast
will inaugurate that policy.
TALKING POINTS:
1.
Express your thanks to the Republican Leaders for
their strong support and cooperation during the
transition period and the Inauguration.
2. Indicate that you are already moving by Presidential
directive on your goals of economy, efficiency and
effectiveness in the administration of federal programs,
and the elimination of fraud, waste and mismanagement.
3.
Describe these Presidential directives:
An immediate freeze on the hiring of civilian
employees in the Executive Branch.
Removal of the Inspector Generals in the Departments,
and a competitive review of these positions before
the appointments of the most qualified candidates
available.
A 15% reduction in obligations for travel for the
remainder of this fiscal year.
A 5% reduction in obligations for consulting, management
and professional services, and special contract studies
and analyses.
A temporary moratorium on the procurement of certain
furniture and equipment.
A directive to Cabinet Members and other appointees
to avoid unnecessary expenditures in setting up
their personal offices.
Page Three
January 22, 1981
4. Declare your intentions to consider even more stringent
measures over the next two months, as well as a full
review of Fiscal Year 1981 and 1982 spending as a
part of your ongoing revision of the 1982 budget.
5. Explain that you have also withdrawn 27 Senate nominations
submitted by President Carter during January.
6. Stress that you will continue to search for areas to
economize in Federal spending, and are receptive to
suggestions by the Leaders.
7. Emphasize, however, that the real test will come when
you submit your budget reduction recommendations to the
97th Congress, and the House and Senate consider these
requests.
8. Explain that your staff is continuing work on the Economic
Plan in consultation with the Republican Leaders, and you
are working roughly toward a mid-February submission.
9. Express general satisfaction and appreciation for the
excellent work by the Republican Leadership and Committee
Chairmen for the energetic and expeditious manner in
which they have conducted the hearings and confirmations
of your Cabinet selections. (FYI: As of 6:00 P.M. last
evening, 10 of the 17 nominees had been confirmed by the
Senate.)
10. Call upon OMB Director Dave Stockman to give the Leaders
a detailed report and briefing on the Economic Plan.
115 WHITE HOUSE
NINGTON
January 23, 1981
MEMORANDUM TO:
The President
FROM:
Martin Anderson
Assistant to the President for Policy Development
SUBJECT:
Meeting with Murray Weidenbaum, who is to be
announced today as Chairman of the Council of
Economic Advisers
TIME:
10:00 a.m. to 10:10 a.m.
PLACE:
Oval Office
PURPOSE:
To meet with Weidenbaum before the announcement
of his appointment
PARTICIPANT:
Murray Weidenbaum
STAFF:
Martin Anderson
Ed Gray
BACKGROUND:
See attached
THE WHITE HOUSE
Office of the Press Secretary
For Immediate Release
January 23, 1981
The President today announced his intention to nominate Murray L.
Weidenbaum as a member of the Council of Economic Advisers. Upon
confirmation by the Senate, the President also intends to designate
Mr. Weidenbaum as Chairman of the Council.
Mr. Weidenbaum is Director of the Center for the Study of American
Business and Mallinckrodt Distinguished University Professor at
Washington University in St. Louis, Missouri. He has been a
member of the faculty since 1964 and was chairman of the Department
of Economics from 1966 to 1969.
From 1969 to 1971, Mr. Weidenbaum served as Assistant Secretary of
the Treasury for Economic Policy. From 1963 to 1964, he was a
senior economist at the Stanford Research Institute. From 1958 to
1963, Mr. Weidenbaum was a corporate economist with the Boeing
Company.
Mr. Weidenbaum received his M.A. from Columbia University in 1949
and his Ph.D. at Princeton University in 1958.
Mr. Weidenbaum is the author of many books and articles on economics.
###
Vita
NAME: Murray L. Weidenbaum
TITLE: Director of the Center for the Study of American Business and Mallinckrodt
Distinguished University Professor, Washington University, St. Louis,
Missouri
PERSONAL DATA: Date of Birth -
Place - Bronx, New York
Married - 3 children
Home Address: 1531 Heirloom Court
Creve Coeur, Missouri 63141
EDUCATION: B.B.A., City College of New York, 1948
M.A., Columbia University, 1949
Ph.D., Princeton University, 1958
CAREER SUMMARY: Member of the Washington University faculty since 1964; Chairman,
Department of Economics, 1966-69.
MI Assistant Secretary of the Treasury for Economic Policy, 1969-71.
M2 Senior Economist, Stanford Research Institute, 1963-64.
M3 Corporate Economist, The Boeing Company, 1958-63.
S
Economist, U.S. Bureau of the Budget, 1949-57.
PROFESSIONAL AND CIVIC ACTIVITIES:
Adjunct Scholar, American Enterprise Institute for Public Policy Research
Board of Economists, TIME
Board of Editors, Challenge
Board of Directors, American Council for Capital Formation-
Member, Council on Foreign Relations
SPECIAL CAREER RECOGNITION:
Awarded the Townsend Harris Medal by the City College Alumni Association for
"distinguished achievement."
Recipient of Alexander Hamilton Award "in recognition of distinguished leader-
ship in the Department of the Treasury."
Fellow of the National Association of Business Economists.
BIOGRAPHICAL REFERENCES:
Who's Who in America
American Men and Women of Science
THE WHITE HOUSE
WASHINGTON
CABINET MEETING AGENDA
January 23, 1981 -- 10:30 a.m.
Economic Policy Group
1. Potential Budget Reductions
David Stockman
a. Strategic Petroleum Reserve
b. Synthetic Fuels Subsidies
C. Uniform Indexing of Federal Programs
d. Export-Import Bank
e. Early Termination of Council on
Wage and Price Stability
f. Proposed Executive Order on
Regulatory Management
CABINET MEETING PARTICIPANTS
January 23, 1981 -- 10:30 a.m.
Brock
LEWIS
James Edwards
HALL
David Stockman
DONOVAN
Malcolm Baldrige
WEINTAERGER
John Block
WATT
Donald Regan
Edwin Meese
Other Cabinet members optional
Iim Baker
Mike Deaver
Richard Allen
Martin Anderson
Max Friedersdorf
James Brady
Richard Darman
Craig Fuller
David Gergen
Dan Murphy
FOR PRESENTATIONS
Ed Harper
Glenn Schleede
Don Moran
Jim Miller
Ray Romatowski
Distribution to All Participants
Additional Distribution
David Fischer
Helene von Damm
Pen James
Nell Yates
ALD
THE WHITE HOUSE
WASHINGTON
January 23, 1981
MEMORANDUM TO:
The President
FROM:
Martin Anderson
Assistant to the President for Policy Development
SUBJECT:
Luncheon Meeting with Federal Reserve Board
Chairman Paul Volcker
TIME:
12:00 Noon until 1:15 p.m.
PLACE:
Treasury
PURPOSE:
To meet the Chairman of the Federal Reserve Board
PARTICIPANT:
Paul Volcker
STAFF:
Ed Meese
Jim Baker
Martin Anderson
Donald Regan
David Stockman
Murray Weidenbaum
BACKGROUND:
Paul Volcker, formerly President and Chief Executive
Officer of the Federal Reserve Bank of New York, was
sworn in August 6, 1979, to fill the unexpired term
of William Miller, Treasury Secretary, whom Carter
had appointed as a Member of the Federal Reserve
Board. Volcker's term as a Member ends January 31,
1992. He was also designated Chairman of the Board
for a four-year term ending in August 1983.
During the campaign, Carter at various times blamed
Volcker for the high interest rates, an accusation
which you, in the campaign, repudiated. Volcker has
said since that monetary growth for 1980 was at the
upper ranges of growth targets which were generally
regarded as acceptable, and thus was not overly
restrictive.
TALKING POINTS:
1. Reaffirm your commitment to the independence of the Federal
Reserve System. It is important to avoid the impression of
a President trying to pressure the Fed into adopting specific
targets.
2. Empathize with the difficult job the Federal Reserve has in
an inflationary economy, especially during last year with a
$59.5 billion deficit and $14.2 billion in off-budget spending,
and in the current year, with the amounts projected to go higher.
3. Emphasize that while monetary policy is an important instrument
of economic policy, the Federal Reserve cannot be expected to
act alone. Note that with federal deficits and off-budget
spending large and growing, the Federal Reserve's only options
are to let the money supply grow to accommodate both federal
and private credit demand, and thereby fuel inflation; or to
cut back on monetary growth, and squeeze out private borrowers
with high interest rates. Point out that in order to resolve
this dilemma favorably, it is essential that federal deficits
and off-budget spending be reduced.
4. Indicate your intention to send a comprehensive economic package
to Congress early in the session, a package that will depend for
its success on the concurrent implementation of all its parts.
In particular, note that the Federal Reserve's providing stable,
moderate, and predictable monetary growth is a crucial element
in your economic plan's effectiveness.
5. Explain that you will diligently work to reduce the growth of
spending, including areas of waste and extravagance in the
so-called "uncontrollables."
6. Emphasize your commitment to across-the-board tax rate
reductions, but acknowledge that to be most successful, such
rate cuts should be accompanied by significant spending rate
reductions -- as you have proposed to do.
7. Congratulate Volcker for helping to contain the 18% inflation
of the first quarter of 1980, despite a hemorrhaging Carter
budget. But note that your budget should be more fiscally
prudent, SO that the change of actually reducing inflation
will be much greater.
WITHDRAWAL SHEET
Ronald Reagan Library
Collection Name
Withdrawer
PRESIDENT, OFFICE OF THE: PRESIDENTIAL BRIEFING
RB 12/7/2007
PAPERS
W
File Folder
FOIA
01/23/1981 (CASEFILE 043303)
S07-0077/01
Box Number
1
DOC Document Type
No of Doc Date Restric-
NO Document Description
pages
tions
1
MEMO
2 1/23/1981 B6
FROM E. PENDLETON JAMES RE MTG. WITH STU
SPENCER
Freedom of Information Act - [5 U.S.C. 552(b)]
B-1 National security classified information [(b)(1) of the FOIA]
B-2 Release would disclose internal personnel rules and practices of an agency [(b)(2) of the FOIA]
B-3 Release would violate a Federal statute [(b)(3) of the FOIA]
B-4 Release would disclose trade secrets or confidential or financial information [(b)(4) of the FOIA]
B-6 Release would constitute a clearly unwarranted invasion of personal privacy [(b)(6) of the FOIA]
B-7 Release would disclose information compiled for law enforcement purposes [(b)(7) of the FOIA]
B-8 Release would disclose information concerning the regulation of financial institutions [(b)(8) of the FOIA]
B-9 Release would disclose geological or geophysical information concerning wells [(b)(9) of the FOIA]
C. Closed in accordance with restrictions contained in donor's deed of gift.