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Economy / Energy / Trade / Social Security #262346

CBS Evening News for Wednesday, Feb 28, 1979
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(Studio) Energy Secretary James Schlesinger's extensive testimony to congress cmtes. reported.
REPORTER: Walter Cronkite

(DC) Schlesinger's shuttle between 2 Senator cmtes., explaining administration oil emergency plans, noted. [SCHLESINGER - responds to Senator Jacob Javits' question with regard to dollar/gal. gasoline.] [JAVITS - comments on public readiness to accept conservation.] [Senator Carl LEVIN - comments.] Secretary's testimony with regard to forced conservation measures stated. [SCHLESINGER - comments.] Predictions of Congress Budget Office with regard to future of economy outlined.
REPORTER: Nelson Benton

(Studio) January trade deficit figs. given. Early hopes that oil finds in Atlantic coast's Baltimore Canyon would ease energy problem noted; difference in attitude at Interior Department sale of more drilling rights to oil companies reported.
REPORTER: Walter Cronkite

(NYC) [MAN - calls out bid by Exxon.] Details about bidding, what was hoped for and actual bids, and possible effects given. Record for drilling attempts to date stated. [Exxon Corporation spokesperson John LOFTIS - comments.] [Tenneco, Incorporated, spokesperson Philip OXLEY - comments.] Possibility of natural gas finds there noted.

(Studio) Agriculture Department figs. on raw product prices given. Social Security Admin. report on inability to credit some wages because of mistakes in rpting. names and Social Security numbers since beginning of program detailed. Potential effects described.
REPORTER: Walter Cronkite

Benton, Nelson;
Brady, Ray;
Cronkite, Walter

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