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Economy / Phase IV #26666

ABC Evening News for Tuesday, Jul 10, 1973
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(Studio) President works on new economic policy of Phase IV.
REPORTER: Harry Reasoner

(White House) President meets with Congmen., economy advisers, cabinet members to talk over Phase IV. [Representative Gerald FORD - says urgency in country to stop freeze now before rationing and shortages take over.] Senator Hugh Scott admits Watergate scandal may be causing stock market to falter, bringing more economy problems. Admin. to stop freeze quickly and move on to Phase IV without seeming panicky.
REPORTER: Tom Jarriel

(DC) Agriculture Secretary Earl Butz believes freeze elimination won't stabilize food prices. [BUTZ - says weather, farmer reaction to freeze, and freeze itself have messed up food prices. To stay high at least through year] Agriculture Department releases rosy crop production report for year
REPORTER: Roger Peterson

Jarriel, Tom;
Peterson, Roger;
Reasoner, Harry

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