World News Tonight (ABC) - 1998-09-30

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Read a transcript preview of “World News Tonight (ABC) - 1998-09-30” from malgent, uploaded on 2025-03-14.

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Language: English (original, YouTube automatic captions)

[0:00] you can

[0:00] [Music]

[0:04] trust on World News Tonight this

[0:06] Wednesday the first budget surplus in

[0:08] the generation $70 billion where did it

[0:11] come from who gets the credit and how

[0:13] will it now be used the most dangerous

[0:17] threat to Health on a college campus

[0:19] we'll take a closer look at binge

[0:22] drinking and medical technology on The

[0:24] Cutting Edge again tonight the smart

[0:26] stretcher taking the emergency room to

[0:29] the patient

[0:36] from ABC News world headquarters in New

[0:40] York this is World News Tonight with

[0:43] Peter Jennings good evening we begin

[0:45] tonight with an impressive

[0:46] accomplishment at the end of this fiscal

[0:48] year the federal government will have

[0:49] taken in about $70 billion more than it

[0:52] spent we knew it was coming the amount

[0:54] of money from taxes is up in every

[0:56] single category nonetheless the last

[0:59] time there was a surplus of any

[1:00] magnitude was almost 30 years ago which

[1:03] means as you can imagine all sorts of

[1:05] people who want political credit for

[1:07] this and a vigorous debate about how the

[1:09] Surplus money should be spent so we go

[1:12] to Washington and ABC's John

[1:14] Cochran thank you it happened on Bill

[1:17] Clinton's watch so he was eager to brag

[1:19] about how long it has been since the

[1:20] government took in more dollars than it

[1:22] spent 29 years ago Neil Armstrong walked

[1:25] on the

[1:27] moon banza was one of our top ated TV

[1:31] shows and Sammy sza was Oney old

[1:35] actually there are a lot of people who

[1:36] can take a share of the credit 5 years

[1:38] ago the president pushed through an

[1:39] unpopular budget that increased gasoline

[1:42] taxes and raised a lot of tax revenue

[1:44] econ

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