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Energy / Oil Prices / Ford and Cong. #241137

CBS Evening News for Wednesday, Jul 23, 1975
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(Studio) Report on possible congress and president energy compromise.
REPORTER: Walter Cronkite

(DC) President Ford tells young audience of taking congress leaders down Potomac River to discuss answer. [FORD - hopes for answer so Congress and President can work together.] [Chairperson House Republican conference John ANDERSON - says no one gains from impasse. Must move away from fixed positions.] Ford rptdly. willing to extend 30-mo. period for removing price controls. Veto of simple extension of present bill would cause 7 cents/gal. increase in next 6 mos.
REPORTER: Bob Schieffer

(Studio) Chairperson Council Econ. Advisers, Alan Greenspan, says higher oil prices won't cripple recovery from recession. Pickup in production and employment expected.
REPORTER: Walter Cronkite

Cronkite, Walter;
Schieffer, Bob

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