ABC Evening News for Thursday, Nov 01, 1979
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(Studio) President Carter reported asking Congress to approve federal loan guarantees to Chrysler; details given.
REPORTER: Frank Reynolds
(DC) Reasons for administration's proposal of more aid than Chrysler had requested outlined. [Treasury Secretary G. William MILLER - discusses decision.] Aid plan outlined on screen; reaction by UAW (United Automobile, Aerospace and Agricultural Implement Workers of America) and Chrysler chairperson Lee Iacocca noted. [IACOCCA - comments.] White House meeting of Carter and key Congmen. cited. [Representative William MOORHEAD - comments.] [Senator William PROXMIRE - criticizes aid.] Treasury Department reported doubling amount offered after results of outside audit; details given. Economist Alan Greenspan quoted.
REPORTER: Bill Zimmerman
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