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Economy: Bernanke / Deficit / What it Means #953324

CBS Evening News for Tuesday, Aug 25, 2009
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(Studio: Katie Couric) The CBO’s projections for the budget deficit, unemployment and the shrinkage in the economy cited.

(Martha’s Vineyard, Massachusetts: Chip Reid) President Obama’s reappointment of Federal Reserve Board chairman Ben Bernanke featured; details given about why Obama interrupted his vacation to make the announcement. [OBAMA – notes Bernanke’s leadership through the financial crisis.] [Representative Eric CANTOR†- wonders how this is helping us become competitive in a global economy.] [Political analyst John DICKERSON†- says the president is going with stability.]

(Studio: Katie Couric) Statistics on consumer confidence and home prices cited.

(Studio: Anthony Mason) The growing national debt examined; figures cited. [MKM Partners economist Michael DARDA†- says it means you’re going to be paying higher taxes.] [University of Maryland Peter MORICI†- says we’re viewed by the rest of the world as profligate, imprudent and incapable of managing our affairs.] The challenge for Bernanke and the rise in housing prices discussed.

Couric, Katie;
Reid, Chip;
Mason, Anthony

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