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Economy / Phase II / Nixon #213659

CBS Evening News for Thursday, Oct 07, 1971
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(Studio) President Nixon to speak on phase II of economic plan at 7:30 p.m. EST.
REPORTER: Walter Cronkite

(DC) Plan incls. no controls on profits, dividends, or interest rates; rents unsure of. Prices and wages no longer frozen, but controls to be's up after November 15. Bds. to be set up for wages and prices. Guidelines to set limits of 5% increases; Cost of Living Council to have power over bds.; to insist wages be tied to productivity and prices to production costs.
REPORTER: Dan Rather

(Studio) Treasury Secretary John B. Connally to speak on phase II at 1 p.m. EST Friday
REPORTER: Walter Cronkite

Cronkite, Walter;
Rather, Dan

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