CBS Evening News for Tuesday, Apr 17, 1973
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(Studio) Congress has no ability to make or stay within budget. Executive has charged legislature with financial irresponsibility. Congress now moves to remedy situation.
REPORTER: Walter Cronkite
(DC) House and Senator Budget Study Committee submits report recommending that both Hses. Congress set up budget cmtes. to consolidate Congress spending plans. Committee would set spending ceilings and set up priorities among competing programs. Requests for appropriations beyond ceilings would have to be accompanied by suggestions as to where extra funds coming from. At end of year if spending exceeded ceiling tax surcharge would make up difference. Committee suggestions well received. [Representative Herman SCHNEEBELI - says Congress must show itself to be financially responsible.] [Representative Al ULLMAN - says plan will help Congress recapture power of purse.] [Representative Jamie WHITTEN - says plan makes Congress responsive to people.]
REPORTER: Bruce Morton
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