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Economy: Signs #882439

ABC Evening News for Monday, Jan 14, 2008
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(Studio: Charles Gibson) The meeting of Federal Reserve Board chairman Ben Bernanke with Speaker of the House Nancy Pelosi to discuss how Congress might stimulate the economy shown.

(Studio: David Muir) The ripple effect of the mortgage mess on the American consumer examined; details given about bad mortgage loans from Citibank, how consumers are falling behind in credit card and phone bill payments, how the economy is flirting with recession and bad quarterly numbers from Sears. ["Income Mortgage Finance" publisher Guy CECALA†- says all the banks are taking a body blow.] [FBR Capital Markets director Paul MILLER†- cites the hangover.] [Florida resident David FIELD†- comments on paying off credit.]

Gibson, Charles;
Muir, David

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