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Steel Price Incr. / B-1 Bomber #41305

ABC Evening News for Thursday, Dec 02, 1976
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(Studio) Defense Department announces limited forward movement in B-1 bomber production and Council on Wage and Price Stability issues preliminary report on steel price incr.
REPORTER: Barbara Walters

(DC) Acting chairperson of Council William Lilley doesn't say price increase unjustified, but notes increase is 2nd in year making total 14% increase and that market demand for steel so low mills are running at 2/3 capacity. Lilley also says some big buyers recing. discounts now; says Ford administration doesn't believe in talking prices down, that market ought to control prices. [LILLEY - says sources have told council price increases made from fear of change in government handling of pricing decisions with new administration Expresses concern with regard to round of price increase that could cause problems bus. says it wants to avoid.] Today Representative William Moorhead, chairperson of committee to initiate control legislation, says steel price hikes might lead to price controls. Fight over price controls is 1 of things Carter won't want as soon as he takes office.
REPORTER: Dan Cordtz

(Studio) Pentagon today orders 3 models of B-1 bomber put in product
REPORTER: Harry Reasoner

(NYC) Controversy with regard to B-1 bomber noted. [WI Senator William PROXMIRE - says bomber too expensive and notes advantages of unmanned missiles over it.] Air Force advocates of bomber say present ones, B-52's, obsolete and not worth refurbishing; also say if bombers, which aren't limited by Strategic Arms Limitation Talks (SALT), are eliminated from 3-sided defense program, United States will have only submarines and ICBM's, the latter of which have been limited by Strategic Arms Limitation Talks (SALT). [Air Force chief of staff General David JONES - notes USSR superiority in missiles and US superiority in bomber force. Says if United States bomber force doesn't keep up, strategic balance will get out of line.] Latest deal by Air Force gives Carter till July 1 to decide whether or not to back bomber.
REPORTER: Bettina Gregory

5:06:00 CARTER / STEEL PRICE INCR. / B-1 BOMBER

(Studio) Reaction to these 2 issues comes from Plains, Georgia.
REPORTER: Barbara Walters

(Plains, Georgia) Press secretary Jody Powell says Carter won't meet with steel execs. now and that Carter feels he can do nothing with regard to steel price increase at present; says Carter still opposed to wage and price controls. On subject of B-1 bomber, Powell says he doesn't know how Carter feels; Carter said in campaign he didn't favor bomber, but wanted final look at issue as President Carter will hold press conference on Friday
REPORTER: Sam Donaldson

Reporter(s):
Cordtz, Dan;
Donaldson, Sam;
Gregory, Bettina;
Reasoner, Harry;
Walters, Barbara
Duration:
00:06:30

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