ABC Evening News for Thursday, Sep 12, 1974
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(Studio) Admin. holds meeting with regard to housing industry
REPORTER: Howard K. Smith
(Atlanta) [National Forest Products Association M.C. CALVIN - notes crisis.] Housing starts drop; unempl. in building trades high. Mortgage interest up to 10%. [Sheet Metal Workers Union Edward CARLOUGH - wants interest rates down.] Tight government money said cause. Federal budget, price controls, favored treatment for building trade noted. [League of Savings Assns. Lloyd BOWLES - urges tax incentive for investments in savings insts.] [Chairperson Council of Econ. Advisers Alan GREENSPAN - comments with regard to budget.] [Senator Joseph BIDEN - expresses weariness. Notes conflict between balanced budget and everyone's desire for more money.]
REPORTER: David Snell
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