Search the Archive

President Cong. Energy, Economy Programs / Compromise #482020

NBC Evening News for Tuesday, Mar 04, 1975
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws. For any such use, please visit NBC NEWS Archives XPRESS.

(Studio) President to delay for 60 days further increases on foreign oil; also postpones plan to decontrol domestically produced oil. - At same time, Mr. Ford vetoes bill that would have required him to remove tariff on for. oil. All this should clear way for quicker tax cut.
REPORTER: John Chancellor

(White House) [PRES. - says he's postponing oil tariff increases so Congress can speedily enact income tax cut. Substantial tax cut needed to revive econ.] Federal Energy Administration Frank Zarb says $1 per barrel tariff already on imported oil to remain as is. [ZARB - says postponement of tariff increase to give Congress and President time to come to an agreement, hopefully.] President won't attempt to decontrol domestic oil till May 1.
REPORTER: Tom Brokaw

(Studio) In general, President' actions well-received by congress Democrats Democrats must agree on their plan before cooperation can really begin. Democratic leadership's energy plan compared with Al Ullman's House Ways and Means Committee's plan.
REPORTER: John Chancellor

(Capitol Hill) [Senator John PASTORE - thinks Congress should stop talking and begin acting. Doesn't think Ullman's plan acceptable for basis of compromise.] [ULLMAN - commends President' cooperativeness. Thinks his plan should be primary basis for agreement.]
REPORTER: No reporter given

(Studio) Later Pastore and Ullman have friendly meeting, but there are problems.
REPORTER: John Chancellor

(Capitol Hill) [John CHANCELLOR - asks if Congress to support President in veto of tariff bill.] House plans to go ahead with veto; believes enough votes available to override President' veto. If House overrides veto, Senator to put veto in Fin. Committee and let it sit there.
REPORTER: Catherine Mackin

Reporter(s):
Brokaw, Tom;
Chancellor, John;
Mackin, Catherine
Duration:
00:05:40

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.