CBS Evening News for Wednesday, Dec 27, 1972
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(Studio) President Council Econ. Advisors call 1972 economy success. Chairperson Herbert Stein hints at next phase price controls.
REPORTER: Walter Cronkite
(DC) Phase III might reduce coverage or exempt retailers, phase out rent controls, simplify enforcement machinery, change profit margin standard for price increases. [STEIN - control system will continue. Council looking for system that will work without being drag on economy]
REPORTER: Daniel Schorr
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