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Energy Problem / Ford / Greenspan #241581

CBS Evening News for Friday, Aug 22, 1975
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(Studio) President Ford considers creation of multi-billion dollar semi-public agency to finance energy research.
REPORTER: Roger Mudd

(Vail, Colorado) Final decision not made. Agency would be like those that write up home mortgages. Govt. would guarantee $100 billion bonds so agency could make loans to private companies to finance development of synthetic fuels. Ford plays golf. In "Grand Rapids Press", Ford said greatest disappointed is Congress refusal to help with energy problem. Econ. advisor, Alan Greenspan, says double digit inflation to taper off by next month [GREENSPAN - says July rise won't be repeated.] Greenspan says econ. recovery won't be held back.
REPORTER: Bob Schieffer

Reporter(s):
Mudd, Roger;
Schieffer, Bob
Duration:
00:01:30

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