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World Economic Crisis / Clinton / Japan #176862

ABC Evening News for Tuesday, Oct 06, 1998
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(Studio: Peter Jennings) Report introduced.

(White House: Sam Donaldson) President Clinton's call for action to contain the world economic crisis featured; details given of his proposals for Europe, Japan and the US. [CLINTON - says it is time for decisive action; promises to veto any tax plan; adds that there is no excuse to block IMF funding.] Republican charges that Clinton wants to shut down the government noted. [Majority leader Senator Trent LOTT - comments.] Emergency plans being kicked around noted.

(Studio: Peter Jennings) Later coverage of the International Monetary Fund previewed.

(Tokyo: Mark Litke) The second year of the recession in Japan featured; details given of what the government says is next to come, including more bank failures. [Economist Kenneth COURTIS - says the banks are empty, the economy is contracting and deregulation is necessary to stimulate consumer spending.] Moves being made by the government to stimulate the economy outlined.

Donaldson, Sam;
Jennings, Peter;
Litke, Mark

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