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Carter Interview / Steel Prices / Cabinet Appointments #243584

CBS Evening News for Monday, Nov 29, 1976
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(Studio) Steel industry conts. price increase despite concern expressed by and appeals from White House and President-elect Jimmy Carter. United States Steel and Bethlehem Steel join other companies in price increases Bipartisan opposition to rises results from fear of new round of inflation. Carter says steel price increase could bolster resolve of oil producing ntns. to increase oil prices. Carter speaks of steel price hike in Plains, Georgia, interview with reporter today.
REPORTER: Walter Cronkite

(Plains, Georgia) [CARTER - says steel price increase will have negative effect; Iran and other OPEC (Organization of Petroleum Exporting Countries) ntns. will now feel justified in hiking oil prices if steel prices hiked; says he hopes wages and prices will be held down.] Carter is asked if he has communicated with steel industry and what response he got. [CARTER - says his spokesperson have spoken with representatives of industry Says response so far is noncommittal and industry expresses need to increase prices; notes hope that companies would let him try to curb inflation as President, but says not yet much success in efforts to convince companies] Is asked if experience has changed opinion with regard to wage-price controls. [CARTER - says no.] Carter says he'll make 1st cabinet appointed in few days; confirms appointed will be Atlanta banker Thomas Bertram Lance to post of either Secretary of Treasury or Director of Office of Management and Budget; Carter also talks with regard to timetable of other appts. [CARTER - says people under consideration for various posts know this but have no commitment from him; describes process of study of each person and notes process of elimination in various ones.]
REPORTER: Walter Cronkite

(Studio) Upcoming items with regard to Carter interview outlined.
REPORTER: Walter Cronkite

Reporter(s):
Cronkite, Walter
Duration:
00:05:10

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