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Defense Department / Surplus Money / Shipbuilding #243707

CBS Evening News for Tuesday, Nov 09, 1976
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(Studio) Retired chairperson of Joint Chiefs of Staff Thomas Moorer speaks to Commodity Club in DC; says Jimmy Carter can't expect to have all orders carried out; cites example of White House orders with regard to India-Pakistan war in 1971 not being carried out. Moorer's remarks reminiscent of President Dwight D. Eisenhower's farewell White House speech with regard to military-ind. complex; comments noted. These comments related to questions raised recently with regard to unspent defense money from last year when Pentagon has larger budget this year and asking more for next year
REPORTER: Walter Cronkite

(DC) Report on defense budget and spending. Surplus money said to be due to lag in contract grants which Secretary Don. Rumsfeld now trying to correct. Department comptroller Fred P. Wacker says most of money will be spent in next few mos. Department may have hard time selling Congress 1978 budget request as well as trying to explain shipbuilding program. (Defense Department film shown.) Newport News Shipbuilding and Dry Dock Company today says Navy must pay money company claims is due or Navy can take business elsewhere; details noted.
REPORTER: Ike Pappas

Reporter(s):
Cronkite, Walter;
Pappas, Ike
Duration:
00:03:00

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