CBS Evening News for Tuesday, May 02, 1978
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(Studio) President Carter's weekly meeting with congress leaders noted. Lack of early information on discussion reported due to economy news. Econ. adviser Chas. Schultze's remarks at National Press Club mentioned.
REPORTER: Walter Cronkite
(DC) Report on grim economy outlook, as presented by Schultze. [SCHULTZE - says combination of dollar devaluation and food price increases should increase inflation rate more than previously forecast.] Other comments by Schultze, include his mention of President Carter's exs. for busmen. in wages increases, outlined. House speaker O'Neill's statement with regard to outlook for cong. attempts to increase federal deficit quoted.
REPORTER: George Herman
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