World News Tonight (ABC) - 2001-01-25
Channel: malgent
Uploaded:
Duration: PT1800S
Read a transcript preview of “World News Tonight (ABC) - 2001-01-25” from malgent, uploaded on 2025-05-19.
Transcript preview
Language: English (original, YouTube automatic captions)
[0:00] economy has stopped growing and tax cuts
[0:02] are a good idea. Outrage because Bill
[0:05] Clinton pardoned a billionaire
[0:07] businessman whose wife was a big
[0:10] contributor. American and German car
[0:12] makers blaming each other for the merger
[0:14] fiasco. We'll take a closer look. And
[0:17] the doctor who was stranded at the South
[0:19] Pole with a lump in her breast. She's
[0:21] told ABC a remarkable story
[0:27] from ABC News World Headquarters in New
[0:30] York. This is World News Tonight with
[0:33] Peter Jennings. Good evening. The
[0:35] chairman of the Federal Reserve Board,
[0:36] Alan Greenspan, said today that the
[0:38] economy is not growing and because the
[0:41] government has a surplus, cutting taxes
[0:43] is a good idea. There's no one in the
[0:45] country except the president in a time
[0:47] of crisis who gets more attention when
[0:50] he says something. They certainly listen
[0:51] at the White House and in the Congress.
[0:54] Let's go right to Washington. We begin
[0:56] with ABC's Terry Moran. He caused quite
[0:58] a stir. Terry, he did, Peter. And they
[1:01] were all ears here at the White House as
[1:03] Alan Greenspan testified and they liked
[1:05] what they heard.
[1:07] The Fed chairman had some bad news for
[1:09] Congress, painting a far bleeer economic
[1:12] picture than he had just a few months
[1:13] ago. As far as we can judge, we have had
[1:17] a very dramatic slowing down and indeed
[1:21] uh we are probably uh very close to zero
[1:26] at this particular moment. So just in
[1:29] case the economic downturn gets even
[1:30] sharper, the Fed chairman told Congress
[1:32] a tax cut makes sense. Should current
[1:35] economic weakness spread beyond what now
[1:38] appears
[1:39] likely, havin