ABC Evening News for Tuesday, Dec 14, 1971
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(Studio) Azores communique drops dollar on mkts., making United States goods cheaper. Congress reacts favorably to potential dollar devaluation. House Banking Committee Representative Wright Patman predicts passage.
REPORTER: Howard K. Smith
(NYC) [First National City Bank Leif H. OLSEN - predicts effects of devaluation: exports stimulated, imports down, United States prdts., trade balance improved.] Effects on United States citizen slight. Only imports and foreign travel should cost more. Exporters will benefit, stocks may rise.
REPORTER: Louis Rukeyser
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