Reagan is to make some initial decisions on budget cuts designed to reduce the federal deficit, and later in this program we'll hear some thoughts on that and related subjects from the man today named economic forecaster of the year. Reagan held his first cabinet meeting since the election. troops liberated Luxembourg from the Nazis in World War II. But it's a loyal NATO ally, and the Duke and Mr. Luxembourg is a tiny, tiny country in Western Europe. Reagan, re-elected in stunning fashion a week ago today, was back at the White House and his first task of the day was to welcome Grand Duke Jean of Luxembourg and his wife. Then a documentary report on so-called Type A personality: does it cause heart attacks? And our final focus section looks at psychic phenomena: could they play a role in the nation's defense? LEHRER: The second term of Ronald Reagan began today, unofficially, at least. In our first focus section we examine the press in two big libel suits now on trial. First, the news of the day, then our newsmaker interview with the economist named forecaster of the year.

Robin? MacNEIL: Here's our NewsHour rundown tonight. Investors in WPPSS, the big Pacific Northwest power company, sued for a record $7.25 billion, and the United States claimed, and Nicaragua confirmed, the Sandinistas have received helicopters and other arms from the Soviet Union, but no jet fighters. In the headlines this Tuesday the federal government indicted Tennessee banker Jake Butcher for bank fraud. Approved For Release 2~00/69/fd: UAs0Pif-00791 R000200230022-8 Copyright 1984 Educational Broadcasting and GWETA The MacNeil/Lehrer NewsHour HEADLINE: Economy in '85: What's Ahead? Libel: Taking on the Press Hearts and Minds: Type A Syndrome Psychic Warfare BYLINE: In New York: ROBERT MacNEIL, Executive Editor CHARLAYNE HUNTER-GAULT, Correspondent In Washington: JIM LEHRER, Associate Editor Guests In New York: SAUL HYMANS, Economic Forecaster NAT HENTOFF, Journalist PAUL KURTZ, State University of New York In Washington: REED IRVINE, Accuracy in Media In San Francisco: MARTIN EBON, Parapsychologist Reports from NewsHour Correspondents: ALLAN POWELL (BBC), Northumberland, England KWAME HOLMAN, in San Francisco JIM LEHRER: Good evening.

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