Impoundments under Nixon total 8.78 billion amid budget debate
The Nixon administration impounded 8.78 billion from appropriated funds, about 3.5 percent of the current federal budget, far below Eisenhower and Johnson levels. Transportation, defense, and agriculture bore the bulk of the cuts in 208 programs, with implications for inflation policy and 1974 budgeting. Meanwhile draft dodger amnesty debates intensify in Congress as President Nixon maintains a firm stance.
MENTIONED IN THIS ARTICLE
Nixon
Eisenhower
Johnson
Roy L. Ash
Defense
Interior
Indian Affairs
Atomic Energy Commission
General Services
Congress
Banks face phase 3 pressure over prime rate rises
Four eastern banks faced a demand from the Interest and Dividends Committee to justify prime rate increases from 6 percent. The Burns chaired panel, backed by Treasury and Federal agencies, signaled readiness to use Phase 3 standby powers to curb inflation and deter further bank rate hikes.
MENTIONED IN THIS ARTICLE
Arthur F. Burns
Federal Reserve System
the Treasury, Commerce, Housing and Urban Development
Federal Deposit Insurance Corporation
Home Loan Bank
Burns
The Market Would Have Done Better
John Chamberlain cautions that Nixon’s market freedom could invite chaos, arguing that social planners have failed to stabilize the economy. He cites agricultural decline in the South with idle peanut acreage and notes 23 percent of Pike County farm land idle in fiscal year 1972, based on data collected by reporter Robert Lewis.
MENTIONED IN THIS ARTICLE
Nixon
Columbia
S.C
Beaufort
Pike County
Ala
Robert Lewis
Troy State University
Soviet Russia
Red China
sub-Saharan Africa
U.S
India
Mauritania
Holmes Alexander
Nigeri
Mali
Upper Volta
Chad
Zambia
Penn Central
Connecticut
New York
New
Haven
Buckley on wage controls and union power in crisis
William F Buckley Jr argues that wage and price controls provoke labor strife as profits rise and unions flex muscle. He notes Democratic dominance in Congress, GOP divisions, and praises compulsory arbitration as a preferable, limited remedy while warning of planner intrusion and its costs. He connects inflation, farm subsidies, and energy policy to a broader market solution.
MENTIONED IN THIS ARTICLE
Ssamttion
Shiseqpalian
Congress
Miami
Richard Nixon
Republican Platform Committee
George Meany
New York
Congressi
Sucn
Bettef
Reporters Caught With Stolen Goods Sparks Debate
The Danville Register notes a controversial incident as Les Whitten and Jack Anderson’s staff were accused of possessing stolen items. The piece argues about First Amendment limits, media liberty, and political bias while reflecting on Indian affairs and national unrest. It blends critique of liberal and conservative stances and calls attention to press conduct and constitutional protections.
MENTIONED IN THIS ARTICLE
Washington, D.C
Les Whitten
Jack Anderson
Congress
Anderson
Whitten
Goddess of Justice
United States
Bureau of Indian Affairs
Jimmy Valentine
Bureau of the Mint
John Stennis
Consequences Of Abortion On Demand Debate
The piece warns that if the Supreme Court bans abortion restrictions, U.S. birthrates could fall sharply, potentially shrinking the population. It predicts shifts in suburban demographics, a rise in opposition among religious groups, and possible social and political changes. It argues moral authority may erode and race and class dynamics could shift as abortion access expands.
MENTIONED IN THIS ARTICLE
U.S. Supreme Court
San Francisco
California
Michigan
George
McGovern
Supreme Court
America
Justice Blackmun
Also Mentioned on This Page
Robert Taft Jr
Ohio
Lincoln
Franklin D. Roosevelt
Truman
John Chamberlain
Smda
William S. Buckley, Jr
Senator Soaper
Asia
Danville
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