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Economy: Budget / Foreign Investment #329969

CBS Evening News for Friday, Oct 12, 1990
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(Studio: Bob Schieffer) Report introduced.

(Capitol Hill: Linda Taira) Democrats reported uniting behind revised budget plan from Representative Dan Rostenkowski and House Ways and Means Committee while Republicans remain split on taxes; changes outlined on screen. [Representatives Steny HOYER, ROSTENKOWSKI - comment.] [President BUSH - takes no position.] [Representatives Marge ROUKEMA, Tom DeLAY - comment on split.] Expected Senate bipartisan tax package mentioned.

(Studio: Bob Schieffer) Report introduced.

(London: Tom Fenton) Uncertainty over budget and Persian Gulf crisis reported driving United States dollar down as foreign investors pull out of US; problems in Japanese and German economies noted requiring investors to sell Treasury bonds and invest at home. [German bank economist Larry ANDERSON, British economist Michael HUGHES, British investment banker Peter LYON - comment on United States government.]

Fenton, Tom;
Schieffer, Bob;
Taira, Linda

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