House Drops SST Revival Fight After Senate Rebuff
The House rejected the Senate's 159.8 million SST termination plan and passed 97.3 million in shutdown costs including 12 million federal outlay. Lawmakers argued over who pays the remaining 85.3 million to Boeing and GE, while the White House and Boeing warned revival would cost up to 1 billion.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Congress
George H. Mahon
D-Tex
U.S
Boeing Co
General Electric
White House
Boeing Board
William H. Allen
Bills Padded With Political Prickles In Welfare-SS Plan
Washington AP report notes the Social Security welfare bill, while praised by leaders in both parties, contains political nuances. A 5 percent benefit rise was added by the Ways and Means Committee, effective June 1, 1972, boosting the bill’s appeal in an election year. The bill blends liberal Social Security liberalization with a major payroll tax increase and replaces much of the federal-state welfare system, drawing liberal support and criticism over a $2,100 benefit standard.
MENTIONED IN THIS ARTICLE
Washington
Democratic Congress
House
Ways and Means Committee
Nixon
Paign
National Welfare Rights Organization
Solon Charges CIA Financed Mercenary Troops in Laos
Senator Clifford P. Case accused the CIA of violating a ban by secretly funding mercenary soldiers in Laos. He cited 4000 to 6000 Thai troops involved and questioned why U.S. funds were paying them, noting Congress has not approved such payments. He pressed for committee revelation behind closed doors.
MENTIONED IN THIS ARTICLE
Washington
Clifford P. Chase
Central Intelligence Agency
Laos
New Jersey Republican
Senate
U.S
CTA
Thailand
Congress
Case
Foreign Relations Committee
James Lowenstein
Richard Moose
Indochina
John Irwin
William P. Rogers
United States
Pompidou OK's Britain for Market Entry
Paris reports a renewed push toward a united Europe as President Pompidou and Prime Minister Heath agree Britain’s entry to the European Community. They outline a path to a broader, market driven Western bloc, with six current members and three applicants awaiting terms shaping a continent facing U.S. competition.
MENTIONED IN THIS ARTICLE
Paris
Georges Pompidou
Edward Heath
Europe
Pompidou
Heath
Britain
Charles de Gaulle
France
United States
West Germany
Italy
Belgium
Netherlands
Luxembourg
Norway
Denmark
Ireland
Connally Plans Munich Talks With European Leaders
Secretary of the Treasury John B. Connally travels to Germany to meet European government and banking officials amid the ongoing world monetary crisis. He will deliver President Nixon's message at an international bankers conference in Munich and stress continued U.S. economic expansion to counter the dollar crisis. The visit follows Fed Chair Burns and officials noting inflation fight as key to restoring the dollar, while European officials remain cautious about the dollar glut and currency realignments earlier this year.
MENTIONED IN THIS ARTICLE
Washington
Secretary of the Treasury
John B. Connally
Germany
Connally
Nixon
American Bankers’ Association
Munich
America
United States
Federal Reserve Board
Arthur F. Burns
Treasury
Europe
West Germany
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Gunsmoke
Doc
Togetherness
Commerce
Tex
East Texas State University
Donald Riddle
Roberts
Columbus
Pat Barnstable
Kentucky
Sue Collins
Tennessee
Cindy Helmers
Iowa
Suzanne Potinger
Arizona
Susan Deaton
Florida
Front
Nancy Rich
Missouri
Sandra Taff
Vermont
Brendan Box
Texas
Suzanne Pinkoski
District of Columbia
Michele McDonald
Pennsylvania
Solon
CIA
Desmond’s Electrical Contractors
Corry, PA
Corry
Mary Hubley
Loblaws A
Bonnie Maid
Hellman
Jack Frost
Maxwell House Coffee
Hothouse Tomatoes
Pompidou Ok
Conally
the Kitchen Village, Inc
IRS
The
Ettrigea Village, Inc
MAIN
Jim
Essoy
Clymer, N.Y
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