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Money Watch (Interest Rates, Stocks, Stimulus Plan) #891392

CBS Evening News for Tuesday, Jan 22, 2008
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(Studio: Katie Couric) The Federal Reserve Board’s decision to lower interest rates by ¾ percent noted; Stock Market Report.

(New York Stock Exchange: Anthony Mason) The emergency rate cut examined; details given about panicked stock selling overseas and the impact of the housing crisis on the economy and banks; Dow and NASDAQ figures cited. [Standard and Poor’s economist David WYSS†, Mogavero Lee and Co. Doreen MOGAVERO†- react to the Fed’s move.] [Economist Robert HANES‡- comments on problems for investment insurers like Ambac and MBIA.] The impact of the Fed’s move on the average person discussed.

(Studio: Katie Couric) Report introduced.

(White House: Bill Plante) The government’s proposed economic stimulus package outlined. [President BUSH – comments on finding common ground to boost the economy.] [Speaker of the House Nancy PELOSI – says we will have a bipartisan agreement.] [CBO Peter ORSZAG†- comments on the challenge to issue tax rebate checks.]

Couric, Katie;
Mason, Anthony;
Plante, Bill

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