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Economy: Credit Card Legislation / Stock Market Downturn #578534

NBC Evening News for Monday, Nov 18, 1991
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(Studio: Tom Brokaw) Report introduced.

(Capitol Hill: Andrea Mitchell) Senate's proposed legislation to cap credit card rates which led to Friday's stock market downturn featured. [Representatives Thomas FOLEY, Charles SCHUMER; American Bankers Association Edward YINGLING; on "Meet the Press", Treasury Secretary Nicholas BRADY; Senators Bob DOLE, Christopher DODD - comment on proposed legislation.] [Last week, President BUSH - calls for lower credit card rates.] Senator Alfonse D'Amato's bill to cap credit card rates said to pass quickly in the Senate on Friday. [D'AMATO - speaks about bill before Senate.]

(Studio: Tom Brokaw) Report introduced.

(White House: John Cochran) White House reaction to Friday's stock market downturn featured. White House spokesman Marlin Fitzwater quoted on screen about Bush. [Last Friday, BUSH - comments on the economy.] Scenes shown of Bush making a speech with Barbara Bush at his side and former President Gerald Ford and Betty Ford in the audience. Economic growth during Ford and Bush presidencies outlined on screen. [Representative Vin WEBER - says Bush must deal with economy.] Discussion held about economic action Bush advisers would like to see him take.

(Studio: Tom Brokaw) Tokyo and London stock markets reported down today.

Reporter(s):
Brokaw, Tom;
Cochran, John;
Mitchell, Andrea
Duration:
00:05:10

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