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(Studio) Cost of living up 1.3% for August
REPORTER: Roger Mudd
(DC) Food prices jump, as well as every other phase of living; details given. Only gasoline prices show any drop at all. On Capitol Hill, joint econ. committee members react to bad economy news. [Senator William PROXMIRE - believes price increases to continue because wholesale price increases up.] [Senator Hubert HUMPHREY - attacks White House economy spokesperson Alan Greenspan.]
REPORTER: Hal Walker
(Studio) More reaction to economy and Greenspan's remarks with regard to Wall Street brokers follows.
REPORTER: Roger Mudd
(DC) [US League of Cities Philip RUTLEDGE - states inflation hurts poor worst of all.] [Department of Health, Education and Welfare Secretary Caspar WEINBERGER - criticizes Greenspan's remarks.] Greenspan appears at another presummit economy meeting but makes no reference to earlier comments. [GREENSPAN - admits economy softening.] [Federal Reserve Bd. Arthur BURNS - says supply expansion for money and credit to continue]
REPORTER: Neil Strawser
- Mudd, Roger;
- Strawser, Neil;
- Walker, Hal
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