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Economy / Interest Rates / Energy Legis. #55244

ABC Evening News for Friday, Aug 18, 1978
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(Studio) Developments possibly affecting national energy policy noted. Federal Reserve's incr. of prime interest rate stated. White House meeting on energy reported.
REPORTER: Frank Reynolds

(DC) Approval of compromise on natural gas pricing by House-Senator conf. committee reported [President CARTER - describes important of compromise legislature] Details of plan listed. Carter's persuasion of Representatives James Corman and Charles Rangel to sign compromise noted. [CARTER - made no deals with 2 Congmen.] White House statement about Federal Reserve's interest rate hike stated.
REPORTER: Sam Donaldson

(Studio) Contd. problems for United States dollar on foreign mkts. reported Government report on inflation rate since 1st of year stated.
REPORTER: Frank Reynolds

(NYC) Econ. situation involving inflation, devaluation of dollar in US and abroad and effects examined. Federal Reserve's interest rate action mentioned. Other world currency noted include Japanese yen, German mark and Swiss franc.
REPORTER: Dan Cordtz

Reporter(s):
Cordtz, Dan;
Donaldson, Sam;
Reynolds, Frank
Duration:
00:05:30

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