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Construction Ind. Constraints / Hodgson #215725

CBS Evening News for Friday, Mar 26, 1971
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(Studio) Nixon Admin. considering move to halt construction industry wage and price spiral.
REPORTER: Walter Cronkite

(DC) 4 member panel including Labor and Housing Secys. recommends Nixon issue Executive order imposing constraints; Davis-Bacon Act reinstated. [Labor Secretary HODGSON - says considers constraints form of federal control; in response to reporters questions, says no plans for expanding constraints to other areas; Nixon has agreed to idea, will issue order after seeing specific proposal; proposal includes price as well as wage constraints.] Hodgson dodges question about controls on profits.
REPORTER: John Meyer

Cronkite, Walter;
Meyer, John

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