CBS Evening News for Wednesday, Mar 12, 1975
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(Studio) Economist Walter Heller tells joint congress hearing he sees no sign of bottoming out of recession. 2 other congress cmtes. hear from administration that unemployment to run higher than forecast. AFL-CIO president George Meany calls for bigger tax cut than proposed.
REPORTER: Roger Mudd
(DC) Meany asks Congress to pass $30 billion tax cut now. [MEANY - says fire must be put out now and deal with inflation later if need arises.] At Senator Budget Committee, economist Alan Greenspan says unemployment figures still climbing. [GREENSPAN - admits unemployment likely to reach beyond 8 1/2%. Believes rate to decline later in year and on into 1976.]
REPORTER: George Herman
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