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United States Economy #16676

ABC Evening News for Friday, Aug 13, 1971
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(Studio) Nixon administration may make announcement concerning United States economy this wkend.
REPORTER: Harry Reasoner

(DC) President Nixon cancels scheduled meetings, meets instead with 4 top econ. advisers; Nixon may be considering action concerning United States dollar valuation., $6-billion income tax cut; budget requests cutbacks, wage-price controls.

(Studio) Nixon's announcement of United States dollar devaluation believed unlikely.
REPORTER: Harry Reasoner

(Paris, France) Gold mkts. price gold $9 above official Fort Knox price of $35 per ounce; speculators trading dollars for foreign currencies in expectation of dollar being devalued.
REPORTER: Pat Chapman

Chapman, Pat;
Gill, Bill;
Reasoner, Harry

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