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Dollar #227516

CBS Evening News for Friday, Feb 09, 1973
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(Studio) Run on dollar continues abroad. West German, British and French officials meet to work out European position on crisis. Nixon sending former Commerce Secretary Peter Peterson to Europe to discuss economy situation. Dan Rather reports Nixon will ask Congress for tough import controls.
REPORTER: Walter Cronkite

(NYC) Last year United States trade deficit $6.5 billion. Speculators buying Japanese yen and German mark. Feel these are undervalued compared to dollar. [International economist Richard KAUFMAN - says crisis may just go away, or cntrys. could take steps to avert crisis.] Oil imports a problem. Last year United States spent $4 billion on foreign oil and amount will go up.
REPORTER: Gary Shepard

Reporter(s):
Cronkite, Walter;
Shepard, Gary
Duration:
00:02:40

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