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Economy: Stimulus Bill / The State #922409

CNN Evening News for Tuesday, Feb 17, 2009
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[In Denver, President OBAMA - says we will make progress, but it will demand a new sense of responsibility.]

(Studio: John King) The dire situation on the state level introduced.

(Washington: Tom Foreman) The economic problems for the states examined; details given about the California budget deficit, delays in Kansas and actions taken so far. [California WOMAN, Kansas state senate president Steve MORRIS†, National Conference of State Legislatures Corina ECKL†- comment on the situation.] The word from the IRS that income tax refunds will not be delayed noted.

(Studio: John King) Live strategy session held with CNN's David Gergen, former comptroller general David Walker and BET's Pamela Gentry about the economy and the states. [WALKER - says it is controversial what the states will do.] [GERGEN - comments on the political calculation of scaring people to get them to act and now we have to say we are on the road forward.] [GENTRY - says the president has to rally the troops and restore confidence.] [WALKER - comments on how we have to do something on housing to end the spiral down of prices.] [GERGEN, GENTRY - comment on how conservatives may react to "cramdown" on mortgages.] Other material: [President OBAMA - says crisis could turn into catastrophe if we do not act immediately.]

Reporter(s):
King, John;
Foreman, Tom
Duration:
00:08:40

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