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Economy: Bush Budget #566791

NBC Evening News for Friday, Feb 10, 1989
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(Studio: Tom Brokaw) Report introduced.

(NYC: Mike Jensen) Traders in Tokyo, Japan, reported selling dollars in favor of yen after President Bush made his budget speech. Japanese trading's impact upon United States stock market noted. [MAN - says Japanese don't have confidence in Bush's plan.] Labor Department's wholesale prices discussed. Banks noted raising prime rate. [Last night, BUSH - comments on economy growth without rise in inflation.] Fin. analysts noted asserting that Federal Reserve Bd. chairperson Alan Greenspan will raise interest rates; details given. [BUSH - says tax increases can still be avoided.] [Senator Jim SASSER - criticizes Bush's budget.]

Reporter(s):
Brokaw, Tom;
Jensen, Mike
Duration:
00:03:20

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