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United States Economy #459063

NBC Evening News for Wednesday, Jul 28, 1971
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(Studio) Federal deficit for fiscal year 1971 $23 billion; United States trade deficit for 2nd quarter fiscal year $800 million.
REPORTER: John Chancellor

(DC) United States may run trade deficit for year for 1st time this century; foreign competition forcing cut backs in United States production, fewer jobs, causing large budget deficit.
REPORTER: Irving R. Levine

(DC) President Nixon to continue present economic policy; trying to gain public confidence to get people to spend more money.
REPORTER: Bill Matney

Chancellor, John;
Levine, Irving R.;
Matney, Bill

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