Alan Greenspan Says Once Booming Economy Has Dramatically Slowed; More Questions About Ashcroft Nomination, CBS

CBS Evening News with Dan Rather | January 25, 2001| | Copyright

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THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

DAN RATHER, CBS ANHOR: A concerned, but no-panic assessment of the U.S. economy today from the chairman of the Federal Reserve. Alan Greenspan said the once-booming economy now has slowed to the point that it may have stopped growing. And, for the first time, Greenspan gave his blessing to the idea of cutting taxes, at least some, to try to stimulate the economy. Greenspan did not endorse the big Bush tax-cut plan, wouldn`t even comment on it. But the White House is delighted ...

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