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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Jun 17, 1977
Page
6
Economists project a 16.1 percent rise in 1927 investment but only 2.7 percent in 1978. Personal income and industrial production show large gains except for autos. Real growth is expected near 5.14 percent in the next two years, with 1979 GNP growth noted.
Economists predict a slower buildup leading to a 3.3 percent drop if kept from accelerating, with higher revisions in real business inventories. They expect defense spending and military contracts to rise, coal stockpiling amid a potential fall strike, and mining up 11.6 percent over two years while sectors like contract construction and durable manufacturing see gains between 5.6 and 9 percent.
House Republicans move to trim 563.5 million from education and aid for the aged, a measure 14 billion above Carter's request and drawing a veto threat. Amendments test funds for abortion and race or sex quotas while HEW warns against blocking civil rights progress. Lawmakers push that millions of disadvantaged children need more aid.
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