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New Wage-Price System May Alter Profit Restraints
Washington officials say Nixon administration plans to modify profit margin rules under a new wage price system next year. Treasury Secretary Shultz notes more complaints about the rule as talks on Phase 3 controls wrap up. Commerce reports show a widening trade deficit and a positive leading index, while spending remains tightly controlled for fiscal 1974. Industry-wide concern focuses on food prices with reluctance to extend farm or interest rate controls.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Cost of Living Council
Treasury
George P. Shultz
Council of Economic Advisers
Ment
Shultz
Vietnam
Congress
Donald Rumsfeld
Council