This episode's headline: Lost Battle; Advise & Consent; Red Ink. The guests include FAITH YANDO, Oil Spill Intelligence Report; SEN. LLOYD BENTSEN, Treasury Secretary-Designate; SEN. BOB PACKWOOD, [R] Oregon; SEN. JOHN BREAUX, [D] Lousiana; RICHARD RILEY, Secretary of Education-Designate; SEN. DAVID DURENBERGER, [R] Minnesota; SEN. JUDD GREGG, [R] New Hampshire; HENRY CISNEROS, HUD Secretary-Designate; SEN. CONNIE MACK, [R] Florida; SEN. PATTY MURRAY, [D] Washington; SEN. DONALD RIEGLE, Committee Chairman; CHARLES BOWSHER, Comptroller General; CORRESPONDENT: ANDREW VEECH. Byline: In New York: ROBERT MacNeil; In Washington: JAMES LEHRER