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New York City Fin. Troubles #482664

NBC Evening News for Tuesday, May 13, 1975
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(Studio) New York City Mayor Abraham Beame and New York Governor Hugh Carey meet with President Ford to ask for $1 1/2 billion to bail city out of pressing financial troubles. Over wkend., Treasury Secretary William Simon refused New York City money. President doesn't make immediate commitment either way.
REPORTER: John Chancellor

(DC) [BEAME - hopes his argument for financial help made impression on President] [CAREY - argues New York City credit sound; no reason for New York City to default.]
REPORTER: Robert Hager

(NYC) In days of economy upheaval, city spending more but taking in less. City services being cut. Immediate problem is cash; details given. Value of city notes and bonds shrinking.
REPORTER: Robert Hager

Chancellor, John;
Hager, Robert

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