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Steel Price Incr. #486665

NBC Evening News for Thursday, Dec 02, 1976
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(Studio) Jimmy Carter dislikes steel price hike; Vice President-elect Walter Mondale calls for rollback and head of Wage-Price Council says hike can't remain, because demand slow.
REPORTER: David Brinkley

(DC) Mbrs. of Congress subcommittee with regard to inflation urge rollback of prices and say hike could lead to price controls. [Representative William MOORHEAD - speaks re: issue.] Report by Wage and Price Stability Council noted. [William LILLEY III - won't speak with regard to justifiability of increase] Admin. believes buyers should control prices; some sources say increase is result of fear of Carter wage-price controls and it's Carter's problem not Ford administration
REPORTER: Irving R. Levine

(Studio) In Plains, Georgia, new administration watches developments.
REPORTER: John Chancellor

(Plains, Georgia) Indications are Carter won't take active part in attempts to reduce prices because of criticism that he's not yet President Today Carter press secretary, Jody Powell, says Carter won't meet with steel representatives and is against wage and price controls; Powell also withdraws earlier statement with regard to White House approval of Carter actions. [POWELL - says statement, made on "Today" show this morning, is incorrect, but there was Republican involvement in actions.] Powell says there's nothing Carter can do with regard to matter at present.
REPORTER: Bob Jamieson

Reporter(s):
Brinkley, David;
Chancellor, John;
Jamieson, Bob;
Levine, Irving R.
Duration:
00:03:50

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