Millennium 2000: Y2K Bug Appears to Be SquashedAired January 3, 2000 - 6:22 p.m. ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
JOIE CHEN, CNN ANCHOR: Three days after its much-feared arrival, the Y2K bug appears to be more of a prankster than real a problem. The biggest Y2K crisis confronting most people today: gallons of unused bottled water and teeming pantries of unneeded canned food. In Washington, though, troubleshooters manning the now-quiet Y2K center couldn't be happier.
CNN's Jeanne Meserve joins us now with the latest -- Jeanne.
JEANNE MESERVE, CNN CORRESPONDENT: Joie, a declaration of victory today from President Clinton's Y2K coordinator. The Y2K bug, he says, has been vanquished and he is scaling back operations.
(BEGIN VIDEO CLIP)
JOHN KOSKINEN, PRESIDENT'S COUNCIL OF Y2K CONVERSION: We can safely say that what has been referred to as the Y2K bug has been squashed, with regard to the key infrastructure systems in the United States. We will likely to continue to see glitches pop up here and there in the coming days and weeks, but I think they will be localized and transitory and will not pose a threat to the nation's economy.
(END VIDEO CLIP)
MESERVE: The retail banking and finance sectors had their first full day of business since the new year began, a major test, and everything went fine. Some Federal agencies, like the Department of Housing and Urban Development and the Postal Service reported some minor problems, but nothing that affected safety or service.
In a conference call this afternoon, 18 states reported that they had experienced some minor glitches. One state -- John Koskinen wouldn't tell us which one -- conducted a sort of Y2K experiment. It had three older computer systems, which it chose to replace with ones that were Y2K compliant. But it kept the old systems up and running just to see what would happen. And at the stroke of midnight, on New Year's Eve, they shut down, an indication, officials say, if government and industry in the U.S. and around the world had not paid attention to the threat of that pesky little bug called Y2K.
Jeanne Meserve, CNN, reporting live from the National Y2K Center.
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