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Housing Bill / President Vetoes / Cong. #37846

ABC Evening News for Tuesday, Jun 24, 1975
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(Studio) President Ford vetoes hsing. bill. AFL-CIO president George Meany calls for Congress to override veto, but House speaker Carl Albert concedes he doesn't have necessary votes. White House offers alternate program to hsing. bill.
REPORTER: Howard K. Smith

(White House) President announces release of $2 billion in previously authorized funds for existing federal home mortgage relief program. [PRES. - says his action to make more money immediately available to home buyers. Authorizes Congress additional $7 3/4 billion for program and extends it for another year Announces veto of Congress's hsing. bill because it's inflationary.]
REPORTER: Tom Jarriel

(Capitol Hill) Democrats in Congress angered by President veto of hsing. bill and his counterproposal. [Hsing. bill sponsor Representative Henry REUSS - believes President's counterplan is hoax in effort to cool down effect of Congress's plan to override veto tomorrow.] [Representative John RHODES - believes Congress's failure to override many presidential vetoes actually reflects cntry.'s refusal to be saddled with bad legislature] Demonstrators protest outside Capitol, demanding employment and more federal programs.
REPORTER: Don Farmer

Farmer, Don;
Jarriel, Tom;
Smith, Howard K.

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