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Economy #269692

CBS Evening News for Tuesday, Mar 04, 1980
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(Studio) Incr in prime lending rate to record high reported; details given.
REPORTER: Walter Cronkite

(NYC) Pressure to tighten credit examined. [North Fork Bank and Trust Company spokesperson John KANAS - comments.] Inflation and prime rate increase since 1978 graphed on screen. [Economist David JONES - comments.] [Bill ELLWOOD - comments on bank loan.] Impact on boat yard's finances outlined. [Marina owner Bill LIEBLEIN - comments.] Potato industry here said possibly hit hardest; details given. [Farmer Bud SEBALLSKI - comments.] Possible further increase in prime interest rates and impact on small business and consumers considered.

(Studio) Pentagon said asking Congress for more money despite pressure to reduce 1981 budget; details given.
REPORTER: Walter Cronkite

Brady, Ray;
Cronkite, Walter

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