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President, Congress / Energy Proposals / Compromise #239317

CBS Evening News for Tuesday, Mar 04, 1975
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(Studio) President vetoes bill to suspend $3 increase of oil import tariffs', but at same time, President voluntarily suspends $2 of increase for 60 days.
REPORTER: Walter Cronkite

(White House) [PRES. - says he's postponing tariff increase to ensure Cong takes quick action on income tax cuts.] Federal Energy Administration Frank Zarb announces President decision to postpone removing price lids on some domestic crude oil [ZARB says delay is to give Congress and President time to work on compromise.]
REPORTER: Bob Schieffer

(Studio) President' action generally placates Cong Disunity among Democrats over energy, economy plan may be dvting.
REPORTER: Walter Cronkite

(DC) Congress Democrats impressed by President' desire to compromise. [Representative Jim WRIGHT - thinks President' attitude to make compromise more probable.] House to vote on Thurs to override President' veto, but Senator, to refer bill to committee till President' actions with regard to compromise clear. Democrats, seem unable to agree on which Democrat, plan should be basis for compromise. House Ways Means Committee plan compared with Democratic leadership's plan. [Al ULLMAN - thinks House. Ways, Means Committee plan can form basis for compromise.] [Senator John PASTORE - doesn't think Ullman's plan can be sold to American public.] White House favors Ullman plan, however.
REPORTER: Roger Mudd

Cronkite, Walter;
Mudd, Roger;
Schieffer, Bob

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