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Economy #262666

CBS Evening News for Tuesday, Mar 20, 1979
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(Studio) Commerce Department report with regard to business profits for last quarter of year; figs. given. gross national product figs. noted. Alfred Kahn quoted with regard to corporation profits.
REPORTER: Walter Cronkite

(NYC) Details given with regard to increase in corporation profits versus personal income; government request with regard to wage increases recalled. [International Ladies Garment Workers Union president Sol CHAIKEN - comments.] Ind. response to criticism noted. [National Assoc. of Mfrs. River Heath LARRY - comments.] Expected figs. on consumer prices and their relationship to vol. wage/price guidelines examined. Possibility of mandatory controls imposed by President Carter noted.

(DC) Admin. concession with regard to faulty price monitoring system reported; reasons for profit increase cited. Hamilton Jordan quoted in speech at National Press Club [sic] with regard to Carter's reaction to profit increase [JORDAN - comments.] Improved price monitoring system discussed.
REPORTER: Robert Pierpoint

(Studio) Senator Budget Committee said to reject administration budget forecast as unrealistic in favor of House forecast as guideline in writing budget.
REPORTER: Walter Cronkite

Brady, Ray;
Cronkite, Walter;
Pierpoint, Robert

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