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Economy: Budget and Taxes / Greenspan #129742

ABC Evening News for Wednesday, Jul 18, 1990
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(Studio: Peter Jennings) Report introduced.

(White House: Brit Hume) Efforts by President Bush and Congress to reach an agreement on taxes and spending featured; scenes shown; details given of vote by rebellious Republican Congressmen to oppose any new taxes. [Representatives Mickey EDWARDS, Richard GEPHARDT - comment on taxes.] [In radio interview, BUSH - says process must be reformed to get spending under control.] [Senator George MITCHELL - comments on the budget talks with Bush.]

(Studio: Peter Jennings) Report introduced.

(Washington: Stephen Aug) Prodding of policy makers by Federal Reserve Board chairman Alan Greenspan featured. [Before Congress, GREENSPAN - says budget cuts would lead Federal Reserve to reconsider its policy stance; comments on extent of deficit reductions.] Significance of Greenspan's message explained.

Aug, Stephen;
Hume, Brit;
Jennings, Peter

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