CBS Evening News for Thursday, Sep 04, 1969
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(Studio) President Nixon ordered 75% cut in federal funded construction projects.
REPORTER: Walter Cronkite
(San Clemente, California) President Nixon says cuts only affect new totally financed projects. Says state, fed., and city projects must be cut voluntarily. [Econ. Advisor Dr. Arthur BURNS - cites fast wage and price increases in industry Action taken to deal with extreme cases.] Says unemployment won't result.
REPORTER: Dan Rather Narrates
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