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Economy: Recession #335053

CBS Evening News for Wednesday, Jan 02, 1991
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(Studio: Charles Kuralt) Report introduced.

(Studio: Ray Brady) President Bush reported finally acknowledging recession; White House spokesman Marlin Fitzwater quoted; White House estimate of gross national product cited. [On PBS "Talking with David Frost", BUSH - comments.] [On NBC "Today Show", president's Council of Economic Advisers chairman Michael BOSKIN - comments.] Private economists reported fearing deep recession. [Economist Philip BRAVERMAN - comments; explains why Bush shouldn't increase aid to unemployed.] Banks that are lowering prime lending rate listed.

Brady, Ray;
Kuralt, Charles

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