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Economy and Energy #64740

ABC Evening News for Thursday, Mar 27, 1980
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(Studio) Largest monthly trade deficit in history reported; Senator said approving windfall profits tax legislature Rel. of oil imports to trade deficit and goal of windfall profits tax outlined.
REPORTER: Frank Reynolds

(DC) President Carter's lifting of price freeze on crude oil last year recalled; object of move outlined on screen. Senator fight over issue noted; positions of Senators Henry Bellmon, Robert Dole and Robert Byrd quoted. [DOLE - comments.] Allocation of windfall profits tax outlined on screen. [BYRD, Russell LONG, CARTER - talk on telephone about passage of legislature] Press Secretary Jody Powell quoted on screen with regard to House subcommittee vote; Council on Wage and Price Stability said asking companies to delay planned price increases until the 3rd quarter Treasury Secretary G. William Miller quoted. [MILLER - comments.]
REPORTER: Sam Donaldson Artist: Freda Reiter

(Studio) Incr. in price of foreign oil over past year noted; further increases announced today by Kuwait and Iran. Details given.
REPORTER: Frank Reynolds

Reporter(s):
Donaldson, Sam;
Reynolds, Frank
Duration:
00:03:50

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