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Economy: Trade Deficit, Stock Market, For. Fin. Market #318911

CBS Evening News for Wednesday, Nov 16, 1988
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(Studio: Dan Rather) Reports introd.

(DC: Lesley Stahl) Budget deficit figs. featured. [Federal Reserve Bd. chairperson Alan GREENSPAN - says situation is urgent.] Greenspan noted telling bipartisan National Econ. Commission that inflation rates may rise if problems continue. Vice President George Bush noted asserting that he will ignore commission's report because it favors tax increases [Econ. Alice RIVLIN and ex-Labor Secretary William BROCK - urge tax increases] Possible gas tax discussed.

(Studio: Ray Brady) Stk. Mkt. Report [MAN - comments on market] Trade deficit figs. illustration [Commerce Secretary C. William VERITY - comments.] [MEN - urge action from Bush.] Impt. of foreign investment to United States economy discussed. [Japanese MAN - comments on foreign trade.] Econs. quoted with regard to new administration

(Studio: Dan Rather; DC: Bill Plante) Reagan administration's final budget figs. and campaign '88 discussed.

Reporter(s):
Brady, Ray;
Rather, Dan;
Stahl, Lesley
Duration:
00:05:20

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