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WASHINGTON (AP) — Presi-
dent Nixon announced today the
erection of a three-way govern-
mental barrier to spiralling in-
flation, while promising:
“Tt will not take this nation
down the road of wage and price
controls.”
Nixon thus gave way to in-
creasing pressure for a policy of
voluntary restraint on wages
and pri... | By STERLING F. GREEN
| [
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SAN CLEMENTE, Calif.
(UPI)—President Nixon summoned his
chief foreign policy advisers today to
explore chances for peace in the Middle
East as the first round of talks between
Arab and Israeli representatives begin in
‘New York.
Gathered at the Western White House
for the afternoon meeting were
Secretary of State Will... | [
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WASHINGTON (AP) —
President Nixon invited 45
men— businessmen, bankers,
financiers and personal
friends—to the White House
Wednesday night for a closed
discussion of the faltering
economy, the devastated
stock market and the military
move into Cambodia. He met
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HOT SPRINGS, Va. (AP) —
President Nixon’s five top eco-
nomic officials and six of the
country’s biggest businessmen
met today to explore uncertain-
ties of a slack economy, contin-
uing inflation, and the widening
paralysis of the automobile
strike.
The discussion was scheduled
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meetin... | [
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WASHINGTON — P re siden!
Nixon met with his chle
economle advisers In extraar:
dinary session Moray after
noon, coincitent with a contt
fued sharp drop in the stock
jmarket that brought _ prices
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je assassination of President
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i An unprecedented feature ‘of
ithe meeting w... | uy HOBART ROWEN
Angeles Times-
| [
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WASHINGTON (UPI) — President Nixon sum-
moned Chairman Bernard Lasker of the New York
Stock Exchange to the White House today — less
than 24 hours after news that the cost of living
rose again last month and the stock market fell
to its lowest point in Seven years.
Democratic National Chairman Lawrence F,
O’Brien atta... | [
"May-21-1970"
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WASHINGTON (UPI)—Pres-
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Nixon met Friday with
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co... | [
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WASHINGTON (AP) — Presi-
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In 2% hours of private give-
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WASHINGTON (UPI) —Pres-
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economy, the White House said
today. The day and the time
will be set later.
Press Secretary Ronald L.
Ziegler said the President,
tanned and refreshed by a
weekend in Florida and the
Grand Bahamas, work... | [
"Jun-29-1970",
"Jun-15-1970",
"Jun-02-1970"
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WASHINGTON (AP) —
Economic indicators point to
a sharp Sowdown in inflation
this fall, two top economists
predict. They made their
statements on a day the stock
market suffered its worst
slump in six years and other
signs revealed a_ troubled
economy. .
In making this assessment
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States Chamber... | [
"Apr-28-1970"
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WASHINGTON (AP) — Presi
dent Nixon asked Congress to.
day to make it easier for small
businesses to obtain adequate ft.
nancing and trained personnel,
saying it would help lift ‘the
spirit of our nation,’’
Nixon outlined in a special
message what he termed ‘‘the
far reaching legislative pro.
gram’’ that combines feder... | [
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WASHINGTON (AP) — Presi-
dent Nixon unveiled today a
$200.8 billion fiscal 1971 budget
he vows will be balanced and
anti-inflationary—but which
congressional critics already
have called insdequate to stem
the upsurge of prices.
In sending to Congress the
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wholly his own, Nixon projects
a ... | [
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WASHINGTON (AP) — President
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report to the nation today as reports of
rising unemployment, faltering profits
and high interest rates continued to
mount.
One government report Monday
disclosed manufacturer’s profits
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WASHINGTON (AP) — Presi-
dent Nixon polished his special
economic report to the nation
today as reports of rising unem-
ployment, faltering profits and
high interest rates continued to
mount.
One government report Mon-
day disclosed manufacturer's
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WASHINGTON (AP) — Presi-
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The message on economy and
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"Feb-27-1970",
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WASHINGTON (UPI) —President
Nixon will propose a $200.8 billion budget
for the next business year, with a $5.8
billion cut in military spending designed
to help provide a surplus of $1.3 billion,
the Washington Post said today.
The $200.8 billion figure, for the fiscal
year beginning next July 1, compares with
governm... | (Story on Page 1-B)
| [
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WASHINGTON (AP)—The nation’s unem-
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other economic indicators continued to show a
slowing economy under the Nixon administra-
tion’s anti-inflation policies.
Not only did the jobless rate jump te 39
per cent with a total of 3.4 million unemployed
workers, the Labor Departm... | [
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"O"... | Washington | district of columbia | United States | [
38.89511,
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0.2269128113... | ||
WASHINGTON (AP) — The
unemployment rate climbed to
its highest level in 4%4 years last
month, indicating a further
slowdown in the nation’s econo-
my under the Nixon administra-
tion’s efforts to combat infla-
tion.
The February jobless rate
was 4.2 per cent, up from 3.9
per cent the preceding month
and at its highest ... | [
"Mar-07-1970",
"Mar-06-1970"
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WASHINGTON (UPI) —The
unemployment rate soared to
5.5 per cent of the national
labor force last month, the
highest level in nearly seven
years, the government reported
today
The increase of 0.4 per cent
over August brought the total
of jobless Americans to 43
million. Most of the September
increase occurred among men
... | [
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eE—eE—E—E——
WASHINGTON (AP) — The
nation’s unemployment fate
edged up last month and manu-
facturing jobs dropped, largely
because of the auto workers
strike against General Motors,
the Labor Department reported
today.
The national jobless rate
edged up one-tenth of one per
cent to 5.6 per cent of the work
force, the... | Ry NEIL GILBRIDE
| [
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"Nov-01-1970",
"Nov-06-1970",
"Nov-07-1970"
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38.89511,
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WASHINGTON (UPI) — The nation’s
unemployment rate rose in March to
the highest level in more than four and
a half years, the government reported
today. It was 4.4 per cent of the labor
force, up 0.2 per cent from February.
The 4.4 per cent rate was the highest
since August, 1965, and represented a
rise a full percenta... | [
"Apr-11-1970",
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"Apr-10-1970",
"Apr-14-1970"
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0.117932... | ||
WASHINGTON (AP) _ Indus-
trial production and_ factory
wages dropped last month, sup-
plying two signs that the na-
tion’s economy is slowing down
under Nixon administration pol-
icies.
Paul W. McCracken, chair-
man of the President's Council
of Economic Advisers, said the
economy is going through a
painful decline as... | By GREGG HERRINGTON
| [
"Feb-15-1970",
"Feb-14-1970"
] | [
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38.89511,
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WASHINGTON (AP) — Ihe
nation’s unemployment rate re-
mained in December at a rela-
tively low 3.4 per cent of the la-
bor force. However, other eco-
nomic figures continued to re-
flect a slowing economy under
President Nixon's anti-inflation
policies.
The Labor Department re-
ported today, along with the job-
less fi... | [
"Jan-10-1970",
"Jan-09-1970"
] | [
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38.89511,
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WASHINGTON (AP) — The nation’s
unemployment rate climbed in May for the
fifth straight month, rising from 4.8 to 5 per
cent of the. labor force for the highest rate
in more than five years, the government said
today.
The Labor Department said the number
of jobless rose 160,000 to a total of 4.1 million.
It said all of... | [
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"Jun-20-1970",
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WASHINGTON (UPI) —The
nation’s jobless rate rose in
May to 5 per cent of the work
force, the government reported
today. The seasonally adjusted
unemployment count was esti-
mated at 41 million, highest
level since January, 1964.
The Labor Department said
the unemployment rise from 4.8
per cent in April to 5 per cent
i... | [
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WASHINGTON (UPI) ~The
nation’s unemployment rate
rose to 5.1 per cent last month,
highest since the autumn of 1964,
the government reported today.
A sharp increase in
joblessness among
teen-agers~from a 13.9 per cent
rate in July to 15.9 per cent last
month-was cited as the main
reason for the high over-all
unemployme... | [
"Sep-05-1970",
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WASHINGTON (UPI) —Un-
employment rose to 5.8 per cent of
the labor force in November, the
highest level in more than seven
years. The White House blamed
the General Motors’ strike, but
Democrats said mishandling of the
economy had placed the nation ‘‘on
the brink of depression.”’
The jobless figures were
released by t... | [
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WASHINGTON (AP) — High level sources say
the nation’s unemployment rate last month shot up
from 4.4 to 4.8 per cent — the sharpest jump in the
jobless figure in 10 years.
This was the largest increase for a single month
since the 1960 recession and brought the jobless total
to just under 4 million unemployed, a five-y... | [
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WASHINGTON (AP) —
only three weeks to go until
Christmas the government re-
ported Friday that 46 million
Americans were out of work
last month, the worst unemploy-
ment level in 734 years.
At the same time a 12-minute
decline in the average work
week dropped weekly average
wages for 45 million rank-and-
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WASHINGTON (AP) — The
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the adjusted rate of unemploy-
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in eight months, the government
reported Thursday.
Taking into account school va-
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HOT SPRINGS, Va. (UPI)—
The U.S. economy has ‘‘passed
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steady improvement next year,
but unemployment will continue
relatively high, a report to the
Business Council said today.
The report by the council’s
economic consultants predicted
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. , WASHINGTON (AP) — Three key. gov-
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American economy. . .
Industrial production, personal incame
and housing starts showed the effects of
the Nixon administration's stringent ef-
forts to curtail the spiraling price in-
creases that ... | By JOHN M. PEARCE
| [
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WASHINGTON (AP) — House
members squared off today for
a bitter partisan battle over giv-
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poWer to freeze prices and
Wages temporarily— authority
he says he neither needs nor
Wants.
Republicans contend the pro-
posal is a purely political one
designed to harass the adminis-
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Some of... | [
"Jul-31-1970"
] | [
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WASHINGTON (AP) — The
persistent and mounting red ink
in the federal budget probably
will be President Nixon's major
problem in dealing with the new
Congress next year.
.It is a Congress that Tues-
day's election changed only
slightiy—and not in a way to
help him much in his fiscal di-
lemma, .
Facing a deficit estim... | [
"Nov-09-1970",
"Nov-10-1970"
] | [
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WASHINGTON (AP) —
President Nixon summoned
financial and business leaders
from across the nation to a
White House dinner tonight in
an effort to calm their fears
about the sluggish economy and
explain the U.S. move into
Camobida.
A White House spokesman
said plans for the dinner were
laid after Nixon met last week
wit... | By JOHN M. PEARCE
Associated Press Writer
| [
"May-27-1970"
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WASHINGTON (AP) — _ House
Democrats, reacting sharply to
President Nixon’s veto of education and
government agency money bills,
spearheaded an attack today to reverse
the chief executive’s action.
The Democrats were expected to
receive some support from Republicans
who earlier had urged Nixon to let the
bills become l... | [
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"Oct-12-1970"
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WASHINGTON CAP) — Win
a bold attempt to roll back gaso-
line and oil prices and an ulti-
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President Nixon has launched
the toughest anti-inflation drive
of his administration.
Not only did Nixon announce
direct government action Fri-
day night to force down the
price of crude oil, but he is... | [
"Dec-05-1970",
"Dec-04-1970",
"Dec-06-1970"
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WASHINGTON (AP) — The White
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earlier rejected, criticized today the
wage settlement in the General Motors
strike and a presidential board’s rec-
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railroad industry.
In its second inflation alert, President
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WASHINGTON (AP) — The nation’s
unemployment rate bounced back up to five
per cent of the work force in July, the
highest rate in more than five years,
the Labor Department reported today.
The jobless rate had also hit five per cent in
May and then declined to 4.7 per cent in June.
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"Aug-07-1970"
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WASHINGTON (AP) — President Nixon, conceding his
predicted budget surpluses for this fiscal year and next have
turned into red-ink deficits, has called for a tax on leaded
gasoline to raise $1.6 billion a year more in government funds
and fight pollution,
Other revenue increases to balance the budget will not be
sough... | [
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WASHINGTON (AP) — A tiny
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turning point for an_ ailing
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The broadest measure of
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WASHINGTON (AP) — Unemployment
rose to 5.8 per cent of the nation’s work force
last month, the highest level in 7% years, the
government reported today.
At the same time, average weekly earnings
of some 45 million rank and file workers
dropped 66 cents to $121.07 per week because
of shorter working hours, said the Bur... | [
"Dec-04-1970",
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WASHINGION (AP). —
Unemployment climbed
sharply in September to 5.5 per
cent of the nation’s work force
and millions of employed
workers brought home smaller
paychecks because of shorter
working hours, the Labor
Department reported today.
The national jobless rate, up
from 5.1 per cent in August, was
the highest in ne... | [
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WASHINGTON (AP) —
The nation’s unemployment
rate edged up to 5.1 per cent
of the work force in August
and the number of
Americans with jobs shrank
by nearly 400,000, the Labor
Department said today.
The actual number of
jobless workers decreased
300,000 to a total of 4.2
million, but seasonal factors
and a 700,000 dro... | [
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SOAR NAAINAS ERANE, AIM. (AR) — ime
president of Alabama Power Co. said the
utility today filed schedules with the
Public Service Commission for rate
increases amounting to 8.4 per cent.
WASHINGTON (AP) — The nation’s
unemployment rate edged: up last month
and manufacturing jobs dropped, largely
because of the auto wo... | [
"Nov-06-1970"
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WASHINGTON (AP) — The government reported
today a sharp rise in the nation’s unemployment from
4.4 to 4.8 per cent of the civilian labor force, highest
level in five years.
The rise of four-tenths of 1 per cent equaled the
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WASHINGTON (AP) — Living costs
rose four-tenths of one per cent in June
in a slight easing of the nation’s worst
inflationary climb in 20 years, the
government said today.
But prices of food, housing, clothing,
transportation, medical care and recrea-
tion still averaged six per cent above a
year ago, said the Bureau ... | [
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WASHINGTON (UPI) ~The
cost of living of Americans rose
less in August than in any
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providing the strong est
evidence yet that the worst
inflation in 20 years is being
contained, the government re-
ported today.
The Bureau of Labor Statis-
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WASHINGTON (AP) — Liv-
ing costs in October took the
sharpest jump in six months,
the government reported Tues-
day. The rise of 0.6 percent ap-
peared to dash White House
hopes that the nation’s worst
inflation in 20 years was easing.
The labor department report-
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WASHINGTON (AP) - The
worst monthly drop in indus-
trial production in more than a
decade has dimmed Nixon ad-
ministration hopes that the
economy is snapping back and
moving toward recovery,
Seasonally adjusted figures
released Tuesday show the in-
dustrial production index in Oc-
tober fell 2.3 per cent, the most
si... | [
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“And the prices go up, Up,
up. And the values go down,
down, down.”
The U.S. Department of Labor
released Wednesday the latest
figures on the Philadelphia area
consumer price index, which
showed the highest monthly
increase since February, 1951.
Nationally, the cost of living
went up four-tenths of one per
cent,
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WASHINGTON (AP) — The
cost of living climbed anolher
one-half of one per cent in
March, disappointing Nixon ad-
ministration officials who had
hoped for a slowing in the fast:
est rise of consumer prices in
20 years.
The Labor Department re-
ported the gain today.
However, if said that . its
monthly index, when adjus... | [
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WASHING LUN (Ar) — ine
cost of living continued upward
in January, the Labor
Department reports. But—for
what it’s worth—the increase
wasn’t as steep as in November
and December.
Consumer prices were up
four-tenths of one per cent last
month, compared with
five-tenths in November and
six-tenths in December.
When adju... | [
"Feb-20-1970"
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WASHINGTON (AP) — Living costs rose four-
tenths of one per cent last month in what the govern-
ment interpreted as a continued easing of the worst
inflation in 20 years. :
The increase boosted the Consumer Price Index
to 135.7, meaning it cost $13.57 in July for the typical
family purchases that cost $10 in the 1957-... | [
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WASHINGTON (AP) — _ With
industrial production taking a fourth
straight monthly slide, signs of a hoped-
for economic upturn continue to elude
the Nixon administration.
The six-tenths of one per cent decline
in the key economic indicator in
November came despite settlement of
the United Auto Workers’ strike against
Ge... | [
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WASHINGTON (AP) — Liv-
ing costs advanced more swiftly
last month and the purchasing
power of millions of workers
showed the biggest annual drop
in more than six years, the gov-
“ernment said Wednesday.
* ‘The price rise of four-tenths of
one per cent and the cut in
workers’ earnings and buying
power sparked anew the ... | By NED. GILBRIDE
AP TLahor Writer
| [
"Oct-22-1970"
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WASHINGTON (UPI) —— The cost of
living continued its steady climb last
month but at a slightly diminished rate,
the government reported today
Prices for food, housing, clothing,
transportation and health care showed the
most significant increases in the cost of
living index for May issued a day after
President Nixon s... | [
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WASHINGTON (AP) — The
government reported today
living costs rose six-tenths of
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the nation’s worst inflation in 20
years.
The increase, continuing the
six per cent annual price spiral
of more than a year, pushed the
Labor Department’s consumer
price index to 134.0.
The index means it... | [
"May-20-1970"
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WASHINGTON (AP)—Living costs rose four-tenths of one
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rate in 20 years of more than 6 per cent annually, the govern-
ment reported today.
Costts of all major categories were up, with transportation
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WASHINGTON (AP) — The economic
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WASHINGTON--The Nixon administra>
tion's hopes for an abatement of infla-
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pected blow Wednesday by the sharpest
rise in wholesale prices in six months,
According to the Labor Department's
preliminary report for July, the whole-
sale price index rose one-half of 1 per
cent to an in... | The Washington Post
| [
"Jul-30-1970"
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WASHINGTON (AP) — While
living costs in October took tie
sharpest climb in six months,
the wholesale price report for
this month’ shows ‘a simply
phenomenal figure in the other
direction,’ a White House
spokesman says.
The spokesman for the Coun-
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wholesale pri... | [
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WASHINGTON (UPI— The
cost of living continued to climb
in March, with American
consumers paying 6.1 per cent
more than they did a year ago,
the government reported today.
The Bureau of Labor Statis-
tics of the Labor Department
said the cost of living index
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increase for last month. Out-
lays ... | [
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WASHINGTON (AP) — Infla-
tion continued unabated during
January, February and March
but the nation’s actual produc-
tion of goods and services made
{ts deepest drop since the last
The decrease of 1% per cent,
measured at an annual rate,
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WASHINGTON (UPI) —Pres-
ident Nixon expressed ‘‘deepen-
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budget - busting congressional
spending and proposed that
Congress set a firm ceiling on
its expenditures,
In a special statement
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House meeting with Senate
Republican Leader Hugh Scott,
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WASHINGTON (AP) —
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WASHINGTON (AP) — The
Nixon administration is grow-
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s a result, he indicated
President Nixon has decided
nit to ask for increased excise
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| [
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WASHINGTON (AP) — A
very slight upturn in real na-
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quarter Gross National Product
report due Friday.
A preliminary estimate of the
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WASHINGTON (AP) — Leav-
ing a legislative shambles be-
the run-on 91st Congress is by
no means over,
The Senate returns to session
Dec, 28, still facing a deadlock
and a filibuster over appropria-
tions to continue federal subsi-
dies for the supersonic transport
—SST—airpl... | [
"Dec-23-1970"
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WASHINGTON (AP) —
President Nixon may seek
increases in several federal
excise taxes, including a
possible steep hike in the
cigarette levy, to help keep
his promise of a balanced
budget.
Government sources
disclosed the Treasury has
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WASHINGTON (AP) —
Living costs continued rising
in February at the swiftest
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home mortgage interest
making up most of the
month's increase, the gov-
ernment said today.
The Labor Departinent’s
Consumer Price Index rose
five-tenths of one per cent
for the month to 1... | [
"Mar-23-1970",
"Mar-21-1970",
"Mar-20-1970"
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WASHINGTON (AP) —
Living costs posted the third
Straight monthly rise of
four-tenths of one per cent in
July. However, the
government factors were
considered, it represented a
slight easing of the nation’s
inflation in 20 years.
Price increases for food,
transportation, medical care
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the maj... | [
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WASHINGTON (AP) — The Nixon administration. cit-
ing lower-than-expected tax collections, asked Congress
today to raise the ceiling on government borrowing by $18
billion.
This would increase the debt ceiling from the present
$377 billion to $395 billion. Without congressional action. the
ceiling would automatically d... | [
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WASHINGTON (AP) — The
nation’s bookkeeper has etched
the figure $373,000,000,000 in red
ink to close out the government’s
books with the highest fiscal
year-end debt in history.
The Treasury Department
said Monday the $373 billion re-
corded on a preliminary basis
last week at the end of the fiscal
year represents a ... | [
"Jul-07-1970"
] | [
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WASHINGTON (AP) —
Climaxing a partisan debate, the
House has sent to the Senate a
provision giving President Nixon
authority to limit wages, prices
and interest rates for the next
nine months.
The gesture may be an empty
one, since Nixon has said
repeatedly he does not need and
will not use such powers to fight
inflat... | [
"Aug-01-1970",
"Jul-24-1970",
"Aug-02-1970",
"Jul-08-1970"
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WASHINGTON (AP) — The initial
installment of a $6.5-billion boost in the
public's spending power shows up in
workers’ paychecks starting next
Wednesday when the 5 per cent income
surcharge expires and personal income
tax exemptions rise.
While acknowledging the buildup of
spendable income won’t help anti-
inflation ef... | [
"Jun-04-1970",
"Jun-22-1970",
"Jun-30-1970",
"Jun-24-1970",
"Jun-29-1970",
"Jun-19-1970",
"Jun-13-1970"
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0.149950236... | ||
WASHINGTON (AP) — A
sharp drop in food prices caused
the government's wholesale Price
Index to decline five-tenths of
one per cent this month, the
first drop in this two years, the
Labor Department said today.
The Bureau of Labor
Statistics said the decline was
the first since a drop of
four-tenths of one per cent i... | [
"Aug-27-1970",
"Aug-26-1970"
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WASHINGTON (AP) — The
government reported today that
wholesale prices dropped one-
tenth of one per cent in October
because of a sharp decline in
farm products, but industrial
commodities were sharply high-
er because of new 1971 car and
truck prices.
The decline in the over-all
Wholesale Price Index—the sec-
ond mont... | [
"Oct-29-1970",
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0.20555789768... | ||
WASHINGTON: (YPI) ~The
wholesale price index Tegis-
tered the first decline in 20
months during April, the
government estimated today.
But the drop was very small
—one-tenth of one per cent
~—and is subject to change when
final statistical information is
compiled. The preliminary esti-
mate said the decline was due
to... | [
"Apr-29-1970"
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0.18094837... | ||
STOCKHOLM ~— (UPI)—Prof.
Paul A. Samuelson of the Mas-
sachusetts Institute of Tech-
nology (MIT) a critic of Presi-
dent Nixon’s economic policies,
was awarded the 1970 Nobel
Prize for Economics today.
The Swedish Academy of Si-
cence said Samuelson, 55, won
the $78,400 award because “‘by
his many contributions (he) ... | [
"Oct-27-1970",
"Oct-26-1970"
] | [
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SAIGON (AP) — The US.
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WASHINGTON (AP) —- With
John W. McCormack’s decision
to retire after 42 years in Con-
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WASHINGTON (AP) — For
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The last of 77 million 1969 tax
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(By the Associated Press)
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WASHINGTON (AP) — The
Nixon administration’s repeated
contention that inflation is near-
ly over has been given new sup-
port by seemingly contradictory
figures in the most recent Gross
National Product report.
Prices continued their four-
year climb during January,
February and March with an
annual rate increase of 5... | Ry JOHN Mo PRARCEK
| [
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WASHINGTON (AP) — The newest government sta-
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Despite the unconf{fadicted negative figures indicat-
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WASHINGTON (AP) — The
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working well enough to make
drastic new steps unnecessary.
As evidence, officials cited the
slight lessening in consumer
price increases reflected Tues-
day in the Labor Depar... | By JOHN M. PEARCE
Reanpinted Proee Writer
| [
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“I do not in any sense feel
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WASHINGTON (UPI) —Pres-
ident Nixon says his economic
policies are working because
the rate of inflation has begun
to recede and unemployment
this year will bu no worse than
the “peacetime” years of the
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WASHINGTON (UPJ) ~ The Nixon
administration thinks Inflation has been
checked, despite the continuing rise in
the cost of living. and has shifted the
emphasis of tis policy lo measures in-
tended to head off a recession.
Paul W McCracken. chairman of Presi
dent Nixons Council of Economie Advis
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"Mar-18-1970",
"Mar-20-1970"
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WASHINGTON (AP) — Con-
gress began an election-year
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Democratic leaders challenging
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lion in education and health ap-
propriations the White House
doesn’t want.
Atop the agenda: a left-over,
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veto... | [
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TRURMONT, MD. AP —- In a
message shaped largely during
three days of solitary work at
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Nixon will propose Thursday 3
modest program for bettering
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Nixon will outline his ideas for
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ee ea
President Nixon has ordered
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Press secretary Ronald L.
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“substantial additional
ec... | Wachinstoan (AP)
| [
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HOT SPRINGS, Va. (AP)
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Arthur F. Burns told the
7th annual monetary
conference of the American
Bankers Association:
High Labor Cost
“We should not close our
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WASHINGTON (AP) — President
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WASHINGTON (UPI) —President
Nixon called on Congress today to
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‘‘More is at stake than the
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WASHINGTON (AP) — The
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The plans, confirmed by
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WASHINGTON (AP) — Amid growing concern
over the stock market’s long and sharp decline,
President Nixon again has expressed optimism
the nation’s economy will pick up steam this sum-
mer after a painful leveling off process.
“Frankly, if I had any money I'd be buying
stocks right now,” Nixon told a visiting business
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WASHINGTON (UPI) ~ President
Nixon asked Congress today for $2.2
billion in higher taxes and postal rates to
balance what he called a ‘‘hard choices”
budget and provide a thin $1.3 billion
surplus to fight inflation.
In submitting his $200.8 billion spending
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WASHINGTON (AP) — Picking up
where President Nixon left off, Federal
Reserve Board Chairman Arthur F.
Burns says the government might have
to use compulsory arbitration and a
wage-price review board to battle
inflation.
In the most far-reaching list of anti-
inflation proposals by a government
official in the Nixon a... | [
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WASHINGTON (AP) — The
nation’s unemployment rate
dropped in June for the first
time this year although an addi-
tional 1.3 million Americans
sought unsuccessfully to find
jobs.
The seeming contradiction
was attributed by the Labor De-
partment Thursday to the fact
that the number of adult women
and teen-agers seeking ... | [
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] | [
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0.20358428359031... |
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