CBS Evening News - 2000-12-20
Channel: malgent
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Read a transcript preview of “CBS Evening News - 2000-12-20” from malgent, uploaded on 2025-04-14.
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Language: English (original, YouTube automatic captions)
[0:00] Run for the money, Bush taps a
[0:02] Republican corporate executive for
[0:03] Treasury Secretary and again talks up
[0:06] the possibility of recession.
[0:08] The stock markets are listening, prices
[0:11] went down.
[0:12] Heating costs soar. Bush tells OPEC pump
[0:16] more
[0:17] and the tragedy of Alzheimer's taking a
[0:19] toll on both patient and caregiver.
[0:28] This is the CBS Evening News
[0:30] with Dan Rather reporting from CBS News
[0:33] headquarters in New York.
[0:35] Good evening. President-elect Bush
[0:37] talked again today of what he sees as a
[0:39] US economy in trouble, possibly headed
[0:42] for a recession. Mr. Bush says the
[0:44] sweeping tax cut plan he ran on is
[0:47] what's needed to head it off.
[0:49] This is part of the Bush strategy aimed
[0:51] at absolving himself from any blame for
[0:53] a possible downturn saying in effect it
[0:56] didn't start on my watch. Federal
[0:58] Reserve Chairman Alan Greenspan has not
[1:00] favored a big tax cut. Democrats call
[1:03] Bush's talk of recession unwise and his
[1:05] tax plan a windfall mostly for the
[1:08] wealthy.
[1:09] Mr. Bush today also introduced the man
[1:11] he wants to head up his economic team.
[1:13] CBS News Chief White House Correspondent
[1:15] John Roberts has more tonight about the
[1:17] man who'd be managing America's finances
[1:19] and signing all your paper money as
[1:22] Secretary of the US Treasury. John?
[1:25] Dan, no sooner had the Federal Reserve
[1:27] declared that recession, not inflation,
[1:29] has emerged as the leading threat to the
[1:31] nation's economy than the
[1:32] President-elect rushed to introduce the
[1:34] man he would have guide the US through
[1:36] turbulent economic waters.
[1:39] We must have a
[1:41] steady voice coming out of ou