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Nixon / New Economy Policy #459375

NBC Evening News for Tuesday, Aug 17, 1971
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(Studio) President Nixon meets with Congress leaders to explain new economic policy.
REPORTER: John Chancellor

(DC) Nixon recs. assurances of quick action by Cong in implementing new policies. [House Ways and Means Committee Chairperson Wilbur MILLS - tells of urging incrd. minimum standard deduction for those in lowest income tax brackets.]
REPORTER: Irving R. Levine

[Senator Allen J ELLENDER - says worried about foreign cntrys. retaliating against 10% surcharge.] [MILLS - says Nixon has additional measures in mind beyond 90-day wage-price freeze.] [ELLENDER - says 90-day freeze will demonstrate what problems exist.)

(Studio) Floating United States dollar loses only 1 1/2% of value on Switzerland money market; United States tourists wait hrs. to exchange money at devalued rates.
REPORTER: John Chancellor

Chancellor, John;
Levine, Irving R.

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