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New York City / Fin. Troubles #482975

NBC Evening News for Thursday, May 29, 1975
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(Studio) New York City Mayor Abe Beame trying to scrape up $1 billion to keep city from going broke.
REPORTER: John Hart

(NYC) NYC's social programs reviewed; to pay for all this, city borrowed heavily and now its actions have all caught up with it. NYC's requests for fin. help all turned down. New York Governor Hugh Carey announces state to advance $200 million to pay 1 bill. [Mayor BEAME - says unwillingness to respond to New York City in time of need is insult to every New Yorker.] Unless much more money found, 38,000 city workers will be laid off in coming month
REPORTER: Robert Hager

Reporter(s):
Hager, Robert;
Hart, John
Duration:
00:02:20

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