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(Studio) President Nixon arrives in Texas; Texas Governor Preston E. Smith orders salary raises awarded despite wage freeze; Cost of living council rules unions can't negotiate new wage contracts to offset wage freeze.
REPORTER: John Chancellor
(DC) Union leaders hear wage-price freeze explained by Labor Secretary James D. Hodgson, budget director George P. Shultz. [AFL-CIO President George MEANY - says has no faith in President Nixon's ability to successfully manage United States economy; calls on Congress to assert control over economy; contracts nullified by wage freeze should be renegotiated; says unions won't cooperate with freeze.]
REPORTER: Irving R. Levine
(Studio) Treasury Secretary Connally says some additional action will be taken beyond 90-day freeze; Connally forces Pentagon to freeze military pay raises; teamsters' union calls for freeze on profits, dividends and interest rates.
REPORTER: John Chancellor
(San Francisco, California) American Federal of Teachers' convention expresses dislike of wage freeze [Unidentified TEACHERS - express opposition to wage freeze.] Teachers' union researching legal means to break freeze.
REPORTER: Don Oliver
- Chancellor, John;
- Levine, Irving R.;
- Oliver, Don
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