ABC Evening News for Wednesday, Dec 10, 1980
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(Studio) Incr. in prime lending rate announced.
REPORTER: Max Robinson
(NYC) Recession earlier this year when prime rate reached 20% recalled. Expectation of new recession cited. Reasons why corps. borrow large amts. of money listed on screen. Consumer loans said generally expected to rise as prime rate increases Federal Reserve Bd. policy of tight money said cause of current interest rate increases [Chase Manhattan Bank president Willard BUTCHER - comments with regard to high rates.]
REPORTER: Dan Cordtz
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