ABC Evening News for Thursday, Jul 02, 1992
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(Studio: Peter Jennings) Labor Department figures on the rise in unemployment and the reactive lowering of the discount and prime rates cited.
(White House: Brit Hume) Reaction of President Bush to the unexpected rise in unemployment featured. [BUSH - comments on the economy; blames the media for negative economic news.] Layoff announcements from Aetna, Hughes Aircraft and Alcoa noted. [Governor Bill CLINTON - says the United States is out of step.]
(Studio: Peter Jennings) Passage in Congress of a bill to extend unemployment benefits mentioned.
(New York: Bob Jamieson) The slow nature of the recovery from recession examined. [Two Hughes Aircraft WORKERS, USC Morton SHAPIRO, Midwest CONSUMER - worry about the economy.] [Economist Diane SWONK, Chemical Bank Irwin KELLNER - analyze the economy.] Government's reluctance to use tax cuts and increased spending to stimulate the economy noted.
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