ABC Evening News for Monday, Feb 04, 1974
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(Studio) President sends new budget to Congress
REPORTER: Howard K. Smith
(DC) Budget hits $304.4 billion mark. [PRES. - thinks budget is non- inflationary.] Budget discussed in detail; breakdown outlined.
REPORTER: Jerry Landay
(DC) Congress doorkeeper "Fishbait" Miller accepts record high budget. [Treasury Secretary George SHULTZ - defends White House definition of recession.] Budget controversy grows. [Senator Charles PERCY - thinks recession inevitable early in `74.] [Senator William PROXMIRE - believes budget extremely inflationary; recession likely.] President won't tolerate recession.
REPORTER: Bob Clark
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