ABC Evening News for Tuesday, Feb 06, 1979
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(Studio) Congress testimony with regard to economy outlook by Treasury Secretary Michael Blumenthal and White House economy adviser Charles Schultze reported.
REPORTER: Frank Reynolds
(Studio) President Carter's appointed of Alfred Kahn as chairperson of Council on Wage and Price Stability noted; film shown. Background on Kahn given, include his positions at Cornell University and on CAB. Interview shown. [KAHN discusses public, business and labor perceptions of and willingness to cooperate with inflation guidelines.] Upcoming contract negotiations in 1979 by UAW, International Ladies Garment Workers (ILGW) and Teamsters reported [KAHN - discusses likelihood of Teamsters staying within guidelines and consequences if they don't.] Congress consideration of wage insurance plan stated. [KAHN - will have to try harder, as will all Americans,if bill doesn't pass. Describes effect of culmination of special interest group successes on inflation. Says special interest groups are biggest enemy. Comments on public view of inflation problems and solutions.]
REPORTER: Barbara Walters
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