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Outlook (S&L Bailout) #569886

NBC Evening News for Sunday, Jul 30, 1989
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(Studio: Garrick Utley) Report introduced.

(DC: Irving R. Levine) Battle in Senate and House of Representatives about how to best juggle the savings and loan bailout books to conceal costs from American taxpayers featured. [Senator Don. RIEGLE, Phil GRAMM, Alan CRANSTON - offer opinions on S&L plans.] President Bush's plan in which bailout monies would be put "off budget" explained. [Former OMB director Rudolph PENNER - says putting it off budget makes budget deficit look smaller.] Democrat plan reported calling for bailout to be out "on budget;" details given of gimmick needed to work this plan out. [GRAMM - criticizes on budget plan.] Possibility that taxes will have to be raised to fund bailout noted.

Levine, Irving R.;
Utley, Garrick

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