CBS Evening News for Tuesday, Mar 26, 1974
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(Studio) Senate committee refuses to give President price and wage control authority.
REPORTER: Walter Cronkite
(DC) Cost of Living Council chief John Dunlop expects Congress to pass some form of authorization for continuing controls. Secretary Treasury George Shultz glad to see controls go. [SHULTZ - believes free market to settle issues much better than set of controls.] AFL-CIO spokesperson rejoices over defeat of controls. Some economists react negatively to removal of controls. Incoming press of United States Chamber of Commerce calls action wise.
REPORTER: George Herman
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