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New York City Aid / Carey / New Plan #34811

ABC Evening News for Friday, Nov 14, 1975
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(Studio) New York Governor Hugh Carey seeks help.
REPORTER: Harry Reasoner

(DC) Carey tries to sell new plan to Treasury Secretary William Simon. No firm federal commitments made. [CAREY - says plan contingent on some form of federal intervention.] [New York state senate Warren ANDERSON - says cannot enact pts. of plan without knowing if there will be federal help.] Group goes back to New York to sell plan to legislature
REPORTER: Jim Kincaid

(Studio) New York City large banks rptdly. agreed on moratorium on $1.5 billion owed them by city. Banks would take longer-term bonds for maturing bonds.
REPORTER: Harry Reasoner

Kincaid, Jim;
Reasoner, Harry

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