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Economy: Deficit #986238

CBS Evening News for Thursday, Nov 18, 2010
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(Studio: Katie Couric) The federal budget deficit estimate and the national debt cited.

(Capitol: Nancy Cordes) The warning from President Obama’s deficit commission chairmen Alan Simpson and Erskine Bowles about a debt crisis featured; details given about their proposals, including entitlement cuts, freezing federal pay, cutting the federal workforce and cutting tax deductions. [February 18, OBAMA – says the commission was structured to rise above partisanship.] [November 11, Representative Jan SCHAKOWSKY†- reacts to the commission’s proposals.] [SIMPSON, BOWLES – comment on the lack of support for their plan; talk about the proposed cuts and tough choices.] Whether Congressmembers are worried about the impact of not taking action discussed.

(Studio: Katie Couric) Signs that Ireland is resolving its debt crisis noted; Stock Market Report; the rise in GM’s stock price cited.

Couric, Katie;
Cordes, Nancy

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