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Economy: Recession / Buffett's Warning #924624

ABC Evening News for Monday, Mar 09, 2009
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(Studio: Charles Gibson) Report introduced.

(Studio: Betsy Stark) The warning from legendary investor Warren Buffett about the economy examined; details given of the view held by economists that the government is falling behind the curve and of actions taken by President Obama's administration. [On CNBC, BUFFETT - comments on the consumer being afraid and confused.] [Harvard University economist professor Kenneth ROGOFF†- says the deep recession is frustrating the administration; states fixing the financial system is a necessity.]

(Studio: Charles Gibson; Washington: George Stephanopoulos) The view that the administration is "overloading" in its approaches to the economy, the view of economists that a second stimulus package may be necessary, the coming G-20 summit in Europe and handling of the banks' toxic assets discussed.

Gibson, Charles;
Stark, Betsy;
Stephanopoulos, George

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