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Construction Ind. Controls #215785

CBS Evening News for Monday, Mar 29, 1971
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(Studio) President Nixon issues Executive order to curb construction industry wage and price spiral.
REPORTER: Walter Cronkite

(San Clemente, California) Nixon reinstates Davis-Bacon Act suspended last month; signs order to establish wage guidelines and review boards. [Labor Secretary HODGSON - says if construction industry views controls as obstacle, program fails; if viewed as opportunity to bring wage and price stability to construction industry, succeeds.] If-controls fail, Davis-Bacon Act could be suspended again; government may refuse to sign construction industry contracts.
REPORTER: Robert Pierpoint

(Studio) House passes legislature to extend President authority to impose wage and price controls against inflation.
REPORTER: Walter Cronkite

Cronkite, Walter;
Pierpoint, Robert

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