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Senate Banking Committee / Miller Nomination / Textron For. Payments #256623

CBS Evening News for Tuesday, Feb 28, 1978
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(Studio) Report on Senator Banking Committee's reopened hearings into nomination of G. William Miller as Federal Reserve Board chairperson and allegations that Textron made bribes to win business in Iran.
REPORTER: Walter Cronkite

(DC) Issue involves allegations that Iran's General Mohammed Khatemi secretly owned company serving as Iranian agent negotiating with Textron's Bell Helicopter division; Miller's response reported [MILLER - says deception by others shouldn't be basis for impugning integrity of others.] [Senator William PROXMIRE - believes facts prove Textron bribed Khatemi. Asks if Miller believes he did all he could or should have to prevent improper payment.] [MILLER - disagrees with all Proxmire has said.] Attempt of some committee members to get nomination confirmed and proxmire's blockage of move mentioned of pending Securities and Exchange Commission investigation of Textron and suggestion that Miller withdraw nomination reported [PROXMIRE - asks Miller to consider best ints. of country in making decision.] Senator Edward Brooke's opposition to withdrawal, as well as that of Senator Don. Riegle, stated. [RIEGLE - says committee has shot at and not wounded Miller; thinks committee now asking Miller to shoot self.] [MILLER - calls withdrawal most irresponsible thing he could do. Mentions President Carter and Mrs. Miller. Won't withdraw.]
REPORTER: George Herman

Cronkite, Walter;
Herman, George

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