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Economy: Deficit #944361

ABC Evening News for Tuesday, Aug 25, 2009
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(Studio: Charles Gibson) White House statistics on the ballooning deficit for next year & projected beyond cited.

(Studio: Bianna Golodryga) The staggering deficit & taxpayers' debt featured; details given about the reappointment of Federal Reserve Board chairman Ben Bernanke & a rise in housing prices & consumer confidence. [Former Federal Reserve Board governor Laurence MEYER†- talks about the need to reduce the deficit to avoid a fiscal train wreck.] [Senator John McCAIN - speaks about debt.] [President OBAMA - praises Bernanke.] ["Wall Street Journal" economics bureau chief David WESSEL†- says the evidence indicates Bernanke was right.] [July 24, BERNANKE - defends decisions.]

(Studio: Charles Gibson) Stock Market Report.

Gibson, Charles;
Golodryga, Bianna

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