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Inflation / Carter Anti-Inflation #509321

NBC Evening News for Saturday, Mar 15, 1980
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(Studio) Item with regard to effect of Carter's anti-inflation effort in various areas.
REPORTER: Jane Pauley

(DC) President Carter's announcement of plan to cut budget before final decisions with regard to what part of budget would be cut noted. [OMB director James McINTYRE - comments about what will be cut.] Said to be no cuts in Defense Department budget and that Carter administration expects a recession. [Council of Econ. Adviser chairperson Charles SCHULTZE - expresses belief recession will be mild.] Gasoline tax mentioned and stated that it will be incrd. as price of gasoline increases. Credit controls described. [Federal Reserve Bd. chairperson Paul VOLCKER - says details will be determined by loan maker.] White House concern that anti-inflation measures could hurt President politically cited. Revenue sharing cuts said put off at least until after Illinois primary. Social Security benefits said left untouched.
REPORTER: Irving R. Levine

Pauley, Jane;
Levine, Irving R.

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