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(Studio) Apparent downturn in economy activity in near future said indicated by index of leading economy indicators for January; details given.
REPORTER: Frank Reynolds
(DC) Letter sent by House Republican leaders to President Carter with regard to economy quoted on screen; bipartisan group reported agreeing on necessity of budget paring. [Senator Richard STONE - explains position.] [President CARTER - comments on House legislature with regard to water bills.] Admin. said proposing budget reductions; Ofc. of Mgt. and Budget reported recommending freeze on government transfers and promotions. Details given.
REPORTER: Sam Donaldson
(NYC) Incr. in Prime lending rates over past few mos. examined; films shown. Possible measures with regard to credit control in auto, hsing. inds. outlined; impact of economy situation on bond market detailed. Certainty of inflation noted indicated by today's figs. for leading economy indicators and increase in prime interest rates.
REPORTER: Max Robinson
- Donaldson, Sam;
- Reynolds, Frank;
- Robinson, Max
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