This episode's headline: Newsmaker; Welfare Reform; Editors' Views; Political Wrap. The guests include WILLIAM PERRY, Secretary of Defense; CLARENCE PAGE, Chicago Tribune; LEE CULLUM, Dallas Morning News;ED BAUMEISTER, Trenton Times; PATRICK McGUIGAN, Daily Oklahoman; CYNTHIA TUCKER, Atlanta Constitution; GERALD WARREN, San Diego Union-Tribune; MARK SHIELDS, Syndicated Columnist; PAUL GIGOT, Wall Street Journal; CORRESPONDENTS: KWAME HOLMAN; MARGARET WARNER;. Byline: In New York: ROBERT MAC NEIL; In Washington: JAMES LEHRER