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Senate / Lockheed Loan Approval #218722

CBS Evening News for Monday, Aug 02, 1971
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(Studio) Senator bails out Lockheed Aircraft Corporation

(DC) Senator approves Lockheed loan 49-48. [Senator William PROXMIRE - says closeness of vote, despite tremendous lobbying pressure in favor of loan, indicates those opposed really right.] [Senator John G. TOWER - says wasn't sure would win loan approval before voting; thinks effect on jobs most persuasive argument.] [Senator Marlow West Cook cast deciding vote. [COOK - says bothered by piecemeal legislature for Lockheed only.]
REPORTER: Daniel Schorr

(Studio) President Nixon says loan approval will save 1,000s of jobs.

(Palmdale, California) [Lockheed EMPLOYEES - express reactions to news of Senator passage of loan.]
REPORTER: Terry Drinkwater

Drinkwater, Terry;
Hart, John;
Schorr, Daniel

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