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Nixon's Budget #208322

CBS Evening News for Monday, Feb 02, 1970
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(Studio) Nixon sent to Congress 1st $200 billion budget. President says bill necessary to fight inflation yet adequate for programs under present econ. conditions. Federal government to spend more on human resources than on ntl. defense Nixon's budget does not show cost of war. Nixon plans to end some popular programs.
REPORTER: Walter Cronkite

(DC) Federal budget basically political document. Nixon doesn't know all or understand all that is in economy budget report, must depend on advisers. Robert Mayo is budget director Paul McCracken has influence on President economic policies. Nixon and advisers realize if budget doesn't curb inflation, they may be out of a job.
REPORTER: Dan Rather

Reporter(s):
Cronkite, Walter;
Rather, Dan
Duration:
00:04:40

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