ABC Evening News for Wednesday, Mar 19, 1975
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(Studio) Govt. reports Americans' personal income rose last month at annual rate of $2.9 billion.
REPORTER: Harry Reasoner
(No location given) Personal income figures don't reveal incomes in farming and business; they fell at annual rate of more than $6 billion. Recession also pinching big business; American Telephone and Telegraph (AT&T) reports `74 4th quarter profits down 9% from year before. White House sends Congress bill to let bankers pay interest on checking accts. and remove ceiling on all interests; hopefully, action to attract more money for mortgage loans. Chairperson Henry Royce of House Banking Committee thinks idea needs more study.
REPORTER: Dan Cordtz
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