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Federal Budget, 1973 #460522

NBC Evening News for Monday, Jan 24, 1972
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(Studio) President Nixon requests $246.3 billion budget for fiscal year 1973: 45% human resources; 32% defense; 23% other. $25.5 billion deficit planned.
REPORTER: John Chancellor

(DC) [Treasury Secretary John CONNALLY - says deficit budget will alleviate unemployment without inflation.]
REPORTER: Irving R. Levine

(Studio) President asks Congress to set absolute limit on money for appropriations.
REPORTER: John Chancellor

(DC) [Budget Director George SHULTZ - endorses limit.]

(Studio) House Speaker Carl Albert rejects budget limits. House Appropriations Committee Chairperson George Mahon calls budget disguise for disastrous financial situation.
REPORTER: John Chancellor

Chancellor, John;
Levine, Irving R.

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