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Prices, Wages / Senate Committee #233560

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

Reporter(s):
Cronkite, Walter;
Herman, George
Duration:
00:02:00

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