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Economy / Carter Plan #64554

ABC Evening News for Monday, Mar 17, 1980
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Bypassed Introduction Max Robinson (DC); Frank Reynolds (Chicago, Illinois)

(Studio) Largely unfavorable response among Congress and financial community to President Carter's proposed anti-inflation plan reported; Illinois primary mentioned.
REPORTER: Frank Reynolds

(NYC) Reaction in financial community noted typified by activity on Dow Jones, American stock exchanges and on bond market; closing information listed on screen. International reaction noted coming in value of United States dollar and current gold market activity; details given. [Investment banker Felix ROHATYN - comments.] Fin. community's criticism of Carter's reliance on Fed. Reserve Bd. to fight inflation considered
REPORTER: Dan Cordtz

(Studio) Treasury Department official quoted with regard to reaction.
REPORTER: Max Robinson

(DC) Congress reaction to Carter's proposals examined. [Senator William PROXMIRE, Lloyd BENTSEN - comment.] Specific areas of budget cut said not being announced until after Illinois and New York primaries. [Inflation adviser Alfred KAHN - comments on political decisions made at White House] [Econ. advisers chairperson Charles SCHULTZE - comments on tax reduction.] Likelihood of President getting requested budget cuts and reason mentioned; lack of support for gasoline tax surcharge on Capitol Hill noted.
REPORTER: Charles Gibson

(DC) Carter's presentation of recommendations to urban leaders featured. [CARTER - addresses group.] [Mayors Charles ROYER, Richard HATCHER - comment.] Carter's response to early reaction on international money market noted; Press Secretary Jody Powell's lack of comment on New York stock exchange reaction mentioned.
REPORTER: Sam Donaldson

(Studio) Upcoming items announced.
REPORTER: Max Robinson

Reporter(s):
Cordtz, Dan;
Donaldson, Sam;
Gibson, Charles;
Reynolds, Frank;
Robinson, Max
Duration:
00:06:00

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