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(Studio) White House finally admits United States heading for recession. Questions re: recession must be answered.
REPORTER: Howard K. Smith
(White House) Treasury Secretary William Simon doesn't think recession to lead to depression. [SIMON - sees no relief for at least 8 mos. Discusses programs underway to help solve inflation, recession problem.] Interior Secretary Rogers Morton says gasoline tax could help economy [SIMONS - believes President flexible; if gasoline tax badly needed, Ford would accept it.] Mrs. Ford conts. public support campaign for WIN.
REPORTER: Tom Jarriel
- Jarriel, Tom;
- Smith, Howard K.
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