Event:
After a credit rating downgrade to 'junk' by Standard & Poor's, Brazil implements a $17 billion austerity package that will eliminate ten government ministries, cut public spending, and halt both hiring and salary increases in the public sector
More Notable Events on September 14:
1994 All 28 baseball owners vote to cancel rest of 1994 season
1981 Entertainment Tonight premieres on TV
1968 1st broadcast of 60 Minutes on CBS-TV
1960 Iraq, Iran, Kuwait, Saudi-Arabia and Venezuela form OPEC
1957 U.N. resolution deplores and condemns U.S.S.R. invasion of Hungary
