Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.
(Studio) World's major money mkts. close. American tourists abroad can't exchange dollars.
REPORTER: Walter Cronkite
(Capitol Hill) Congress committee hears testimony on money crisis. Admin. spokesperson gives little information Econ. adviser Herbert Stein says it's a bad day to talk about dollar crisis. [Representative Henry REUSS - says Congress feels parity of dollar should be fixed by market forces rather than by fiat of financial mins. and bankers. Suggests administration keep this in mind.] Reuss and other money experts want dollar to float and find own level, but it is believed Undersecretary Paul Volcker in process of fixing value of dollar in relation to mark and yen.
REPORTER: George Herman
- Cronkite, Walter;
- Herman, George
Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.
Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:
- You may request a loan of this video by registering on our website and placing an order.
- You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
- If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.
If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.