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Economy #282236

CBS Evening News for Friday, Feb 19, 1982
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(Studio) President Reagan said confident that interest rates will drop. [REAGAN - claims budget deficit will decrease] Cause of budget deficits explained.
REPORTER: Dan Rather

(NYC) Franklin D. Roosevelt's use of deficit to pull United States out of depression recalled; films shown. [Richard NIXON, Gerald FORD, Jimmy CARTER - pledge balance budget.] Difficulties faced in balance budget examined. [September 18, 1981, REAGAN - promises balance budget in 1984.] [Fin. consultant Pierre RINFRET - notes importance of deficit to average American] [Economist Robert RUSSELL - explains role of money supply.] Fed. Reserve's effort to control money supply explained. [RINFRET - cites consequences of large deficit.] Unemployment's relationship to deficit noted. [REAGAN - blames interest rate for slow recovery.]
REPORTER: Bernard Goldberg

Goldberg, Bernard;
Rather, Dan

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