This episode's headline: Budget Cuts: Differences Over Dollars; Taking on a Takeover; Cholesterol & Stress: Affairs of the Heart; Nativity Debate. The guests include In Washington: HERBERT STEIN, American Enterprise Institute; CHARLES SCHULTZE, Brookings Institution; In New York: JANE BRODY, The New York Times; BURT NEUBORNE, American Civil Liberties Union; KATHLEEN McCREARY, Citizens Group for the Creche; Reports from NewsHour Correspondents: ALISTAIR CLARKE, in Bhopal, India; DANA STERLINE (KQED), in Bartlesville, Oklahoma; RICK D'ALLI (KAET), in Phoenix. Byline: In New York: ROBERT MacNEIL, Executive Editor; CHARLAYNE HUNTER-GAULT, Correspondent; In Washington: JIM LEHRER, Associate Editor