CBS Evening News - 2009-01-08

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Read a transcript preview of “CBS Evening News - 2009-01-08” from malgent, uploaded on 2025-07-26.

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Language: English (original, YouTube automatic captions)

[0:02] Tonight, a dramatic plea from the

[0:04] president-elect.

[0:06] >> If nothing is done, this recession could

[0:08] linger for years.

[0:10] >> I'm Katie Kurrick. Also tonight, an

[0:12] invasion of flood waters in the

[0:13] Northwest. Cars are swept away.

[0:16] Thousands are forced out of their homes.

[0:19] As conditions worsen for civilians in

[0:21] Gaza, the UN suspends aid shipments,

[0:24] saying it's simply too dangerous. And

[0:27] it's more than a website. To some,

[0:29] YouTube is a career.

[0:31] >> I do over six figures a year.

[0:38] >> This is the CBS Evening News with Katie

[0:41] Kurrick.

[0:44] >> And good evening everyone.

[0:45] President-elect Obama warned Congress

[0:48] today there is not a moment to waste

[0:50] when it comes to approving his economic

[0:52] stimulus plan. Just today, the

[0:54] government reported that more than four

[0:55] and a half million Americans are

[0:57] collecting unemployment benefits, the

[0:59] most in 26 years. Retailers are

[1:02] reporting a horrible December sales down

[1:04] 1.7%.

[1:05] With that, Macy's said it will close 11

[1:08] stores in nine states, cutting 960 jobs.

[1:11] And Walgreens is elim eliminating 1,000

[1:14] jobs. Here's our chief White House

[1:16] correspondent, Chip Reed.

[1:19] In his first major policy speech as

[1:21] president-elect, Barack Obama said the

[1:24] state of the economy is bleak and could

[1:26] become dramatically worse. We start 2009

[1:30] in the midst of a crisis. Manufacturing

[1:32] has hit a 28year low. Many families

[1:36] cannot pay their bills. If nothing is

[1:38] done, this recession could linger for

[1:40] years.

[1:41] >> He warned Congress of potentially

[1:43] disastrous consequences if they don't

[1:45] act soon on his recovery package.

[1:47] competitive. For

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