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Economy: Stock Market, Banks and Obama #922964

CBS Evening News for Monday, Feb 23, 2009
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(Studio: Katie Couric) The slide of the stock market in response to the financial crisis noted; CBS News/"New York Times" poll findings on the public's view of giving money to the auto companies and on whether the money to banks will help the economy cited.

(White House: Chip Reid) The reaction to President Obama's three moves to help the economy examined; details given of the poll findings on the impact of the stimulus bill and help to homeowners and the banks and of Obama's promises on the deficit. [OBAMA - defends the stimulus plan; states we cannot sustain deficits without end.] [In response to question from Senator John McCain, OBAMA - jokes about the helicopters and about Representative Eric Cantor.] [Outside the White House, CANTOR - comments on the spirit of today's meeting.] The likelihood that former Washington governor Gary Locke will be the Commerce Secretary noted.

(Studio: Katie Couric, Anthony Mason) The drop in the Dow Jones Industrials with slumping stocks given, word of another government plan to convert aid to Citigroup that would give the government partial ownership and the "stress tests" that go after the 20 biggest banks discussed.

Reporter(s):
Couric, Katie;
Reid, Chip;
Anthony, Katie Couric,
Duration:
00:05:10

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