ABC Evening News for Thursday, Oct 28, 1971
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(Studio) Busmen. try to learn about phase II.
REPORTER: Howard K. Smith
(DC) National Association Mfrs. brought top administration leaders on closed circuit television to talk about phase II. Freeze doesn't automatically end November 13. [Director Cost of Living Council Don. RUMSFELD - says freeze on until reported how it'll be modified.] Commerce Secretary Maurice H. Stans couldn't say if pay bd. will allow retroactivity. [STANS - says retroactivity will be damaging to business; not possible to make prices retroactive.] [Treasury Secretary John B. CONNALLY - says trade war and other specters of gloom won't occur.] 7,000 busmen. paid $50 each to see telecast.
REPORTER: Sam Donaldson
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