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Housing Industry / Farmers #78075

ABC Evening News for Tuesday, May 11, 1982
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(Studio) Congress support of legislature providing low interest loans to buyers of new homes reported; President Reagan noted opposing such legislature
REPORTER: Frank Reynolds

(DC) Current state of hsing. market described. [Representative Fernand ST. GERMAIN - considers industry in depression.] Details of legislature outlined. [Representative Robert MICHEL - considers legislature boondoggle.] Final vote mentioned; similar legislature said expected to pass in Senate Implications of situation for President Reagan, who has warned of veto should legislature be passed, noted.
REPORTER: Charles Gibson

(DC) Program of farmers to communicate with Congress due to state of farm ind. explained. [Representatives Larry CRAIG, Joe SKEEN - introduction selves to farmers on phone.] [Farmer Lynn SCHULTE - is concerned about high interest rates.] Issues concerning farmers outlined. [Senator Mack MATTINGLY - answers inquiry about dairy industry] [Agriculture council spokesperson Lawrence GRAY - needs to strengthen agriculture industry] Farmers' pessimistic outlook noted.
REPORTER: Bill Greenwood

(Studio) Tonight' s "Nightline" said focusing on issue.
REPORTER: Frank Reynolds

Gibson, Charles;
Greenwood, Bill;
Reynolds, Frank

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