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Economy / Cost of Living / Construction #205624

CBS Evening News for Monday, Sep 22, 1969
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(Studio) Cost of living up .4 of 1% in Aug, Econ, advisor Paul McCracken says signs inflation is cooling off. Wage increases, esp, construction, must get smaller.
REPORTER: Harry Reasoner

(DC) President Nixon moves to stabilize construction industry by creating commission to intervene in collective bargaining disputes. Emphasis on voluntary wage restraints. He asks that state and local govts. cut back in public construction projects. Govs, at conv., led by Colorado Governor John Love, plead for time and urge no more construction reductions. [Vice President Spiro AGNEW - says federal projects already cut back 75%. Federal assisted projects must be cut, too.]
REPORTER: Dan Rather

(Studio) White House, says commission's purpose is to deal with econ, matters,
REPORTER: Harry Reasoner

Rather, Dan;
Reasoner, Harry

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