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Carter / Vance / Lance / Economy #244063

CBS Evening News for Friday, Dec 03, 1976
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(Studio) President-elect Jimmy Carter names Cyrus Vance as Secretary of State and Thomas Bertram Lance as budget director Vance is veteran of Kennedy and Johnson admins. Econ. reports indicate Lance may have work cut out for him; wholesale price index and November unemployment noted.
REPORTER: Walter Cronkite

(Plains, Georgia) Carter announces posts at press conf.; reporter notes backgrounds of Vance and Lance. [CARTER - says nation can be reassured of importance of foreign affairs and domestic economy and budget with appts.] Carter speaks with regard to economy also. [CARTER - says he'll get all available information at 1st of year to decide amount of economy stimulation needed.] Carter says he hopes steel companies will roll back price hikes. [CARTER - says he feels steel execs. could have made gesture to world to help economy by holding off on increase] Carter says he won't ask for wage and price controls. Cyrus Vance speaks to reporters; evidently won't continue diplomacy style of Kissinger. [VANCE - cites views with regard to involvement of Secretary of State and delegation of authority.] Carter later endorses brother Billy Carter for Plains mayor; says he hopes to have all appts. made by Christmas.
REPORTER: Bob Schieffer

Reporter(s):
Cronkite, Walter;
Schieffer, Bob
Duration:
00:04:10

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