CBS Evening News - 2001-01-25
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Read a transcript preview of “CBS Evening News - 2001-01-25” from malgent, uploaded on 2025-05-19.
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Language: English (original, YouTube automatic captions)
[0:00] and Brown and tax cut. Tonight, what the
[0:03] Bush plan might mean for you. The leader
[0:06] of the Texas 7 says he deserves to die
[0:10] for murdering a police officer. And the
[0:12] stadium name. The stakes are a mile
[0:21] high. This is the CBS Evening News with
[0:25] Dan Rather reporting from CBS News
[0:28] headquarters in New York.
[0:30] Good evening. A concerned but no panic
[0:32] assessment of the US economy today from
[0:34] the chairman of the Federal Reserve.
[0:36] Alan Greenspan said the once booming
[0:39] economy now has slowed to the point that
[0:41] it may have stopped growing. And for the
[0:44] first time, Greenspan gave his blessing
[0:46] to the idea of cutting taxes, at least
[0:49] some, to try to stimulate the economy.
[0:51] Greenspan did not endorse the big Bush
[0:54] tax cut plan. Wouldn't even comment on
[0:56] it. But the White House is delighted
[0:58] Greenspan is giving even a qualified
[1:01] green light to any tax cut at all. CBS's
[1:04] Anthony Mason begins our coverage.
[1:08] The chief mechanic of the once roaring
[1:10] American economy hit Capitol Hill today.
[1:13] Hearing will please come to order and
[1:15] Alan Greenspan admitted the engine has
[1:17] suddenly stalled. We have had a very
[1:20] dramatic slowing down and indeed uh we
[1:24] are probably uh very close to zero at
[1:28] this particular moment. Translation,
[1:30] we're flirting with recession. Then the
[1:32] Fed chairman did a surprising turnaround
[1:34] on tax cuts. Budget surpluses are
[1:37] growing so fast. He said we can both
[1:39] eliminate the federal deficit and trim
[1:42] taxes. It is far better in my judgment
[1:45] that the surpluses be lowered by tax
[1:47] reductions than by spending increases.
[1:50] Some to