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Economy / Phase II / Nixon Legis. #454338

NBC Evening News for Tuesday, Oct 19, 1971
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(Studio) President Nixon sends his phase II proposals to Congress Wants law extended until 1973; to add civil penalties and subpoena power; to set up temporary court of appeals; to control interest and dividend rates if he has to. Goal: to get inflation down to 2-3% increases
REPORTER: John Chancellor

(DC) [Under Secretary Treasury Charles E. WALKER - says freeze can't be lessened just because of inflation decrs.]
REPORTER: No reporter given

(DC) President' critics want him to get power from Congress to regulate economy every 6 mos.; wants Senator to confirm public members of wage and price bds. Hard for both business and labor to agree on members Critics expect phase II legislature to pass.
REPORTER: Irving R. Levine

Chancellor, John;
Levine, Irving R.

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