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(Studio) Nixon sends phase II recommendations to Congress
REPORTER: Howard K. Smith
(DC) Nixon asks Congress to extend his power to limit wages and prices until May 1973; to seek controls sought on dividends and interest rates; to impose $2,500 fine to give pay board and price commission subpoena power; to plan to set up judicial review to expedite legal challenge of wage-price decisions. [Undersecretary Treasury Charles E. WALKER - says stabilization controls won't be lifted in 6 mos. just because inflation cut. Factors given.]
REPORTER: Tom Jarriel
- Jarriel, Tom;
- Smith, Howard K.
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