President Reagan has warned the American people that their economy is in the worst mess since the depression of the 1930s. Unless government spending is drastically pruned, he argues, America faces an economic calamity of tremendous proportions'.
As Mrs Thatcher makes her first visit to President Reagan at the White House, Keith Kyle reports for Newsweek from Washington on the depth of the American economic crisis. Are America's basic problems the same as Britain's? How closely will President Reagan follow Mrs Thatcher 's monetarist policies? And how will they work in the world's biggest economy?
Producer COLIN MARTIN Editor PETER IBBOTSON