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Economy #264134

CBS Evening News for Thursday, May 31, 1979
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(Studio) Court ruling prohibiting President Carter from withholding federal contracts from firms not complying with wage/price guidelines reported
REPORTER: Walter Cronkite

(DC) Judge Barrington Parker quoted with regard to decision. Pts. of Carter program under dispute by AFL-CIO quoted on screen. Appeal by Justice Department noted.
REPORTER: Fred Graham

(NYC) Criticism of administration's anti-inflation program examined. [AFL-CIO Albert ZACK - comments.] Inflation rate at time of guideline implementation and at present given. Teamsters union mentioned. [Damson Oil Corporation Barrie DAMSON - comments.] [Council Wage and Price Stability Barry BOSWORTH - comments.] [Econ. Alan GREENSPAN - comments.]

(Studio) Leading economy indicators for April given; 1974 drop recalled.
REPORTER: Walter Cronkite

(DC) Scope of decline said representative by multitude of sectors incld in report; specific areas listed, examined. Commerce Department reported laying blame on sudden shrinkage in work week; details given. Interpretations of decline considered.
REPORTER: George Herman

Brady, Ray;
Cronkite, Walter;
Graham, Fred;
Herman, George

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