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Economy / Prime Rate / Chrysler Corp. / Michigan #508382

NBC Evening News for Friday, Dec 19, 1980
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(Studio) Incr. in prime lending rate announced. Effect on housing and auto inds. noted.
REPORTER: John Chancellor

(DC) [Chrysler Corporation chairperson Lee IACOCCA - comments with regard to high interest rates.] Chrysler Corporation plan to get more government loan guarantees outlined. Treasury Secretary G. William Miller and Treasury Secretary-designate Donald Regan quoted. Iacocca said wanting guarantees before Ronald Reagan takes office.
REPORTER: Irving R. Levine

(Studio) Conflict between Ronald Reagan campaign statement with regard to Chrysler Corporation aid and Don. Regan's opinion that Chrysler should not receive aid cited. Problems of Chrysler and other auto mfrs. said hurting state of Michigan.
REPORTER: John Chancellor

(Lansing, Michigan) Actions of Michigan government with regard to layoffs and expenditure cutbacks outlined. [Michigan speaker of house Bobby CRIM - comments.] [Michigan Governor William MILLIKEN - comments.] Noted that balanced budget is a Michigan state law.
REPORTER: Roger O'Neil

Chancellor, John;
Levine, Irving R.;
O'Neil, Roger

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