NBC Evening News for Saturday, Oct 17, 1987
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(Studio: Chris Wallace, Irving R. Levine) Treasury Secretary James Baker's statement that record stk. market drop not start of recession reported Anchor and reporter discuss impact of stock market drop on administration, magnitude of daily stock market drops, rise of interest rates leading to competition for funds usually going to stock market, budget deficits, and possible role of Federal Reserve Bd. chairperson Alan Greenspan in controlling interest rates. Rel. of interest rates and inflation and stock market discussed. Roles of Congress, White House, Democrats and Pentagon with regard to budget deficit, Gramm-Rudman law, taxes, defense spending discussed.