Search the Archive

New York City Economy / Carey #237103

CBS Evening News for Friday, Oct 10, 1975
View other clips in this broadcast →

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) New York Governor Hugh Carey warns Senator Banking Committee that New York state will be next default victim if administration fails to help NYC.
REPORTER: Walter Cronkite

(DC) [CAREY - says Congress must use information to prevent economy Pearl Harbor.] [TOWER - says will be difficult to sell idea of bailing out NYC. New York must be prepared to accept tough restrictions with help.] [CAREY - wants government to be partner in seeing no other city gets in condition of NYC. Either federal funds or federal troops would be needed to help with city services.] Carey proposes federal guarantees for bonds offered by Municipal Assistance Corporation (MAC).
REPORTER: Ed Bradley

Bradley, Ed;
Cronkite, Walter

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.