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Energy Plan / Oil Prices / Ford and Cong. #38364

ABC Evening News for Wednesday, Jul 23, 1975
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(Studio) President takes congress leaders on yacht cruise of Potomac to discuss oil prices. Senator Mike Mansfield says move towards ending deadlock.
REPORTER: Howard K. Smith

(DC) Energy chief Frank Zarb works with Congress to see if new energy package can be put together by Friday If assured compromise in making, administration could grant 30-day extension of present controls so Congress could adjourn and take up issue after recess.
REPORTER: Steve Bell

(DC) House leaders may ask for 3-mo. extension of controls. Compromise may be in time allowed for price hikes; how high prices to go; and to limit oil company profits and rebate money to hardest hit consumers.
REPORTER: Don Farmer

(DC) Aides say if Congress not closer to President positions, controls to expire on August 31.
REPORTER: Steve Bell

(DC) Democrats predict rise of 15-28 cents/gal. if controls expire.
REPORTER: Don Farmer

Bell, Steve;
Farmer, Don;
Smith, Howard K.

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