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Nixon money plan signals deficit push to curb jobless rise
The Nixon administration intends to quicken federal spending next year to create jobs if unemployment nears six percent, with possible boosts to federal construction and defense outlays. Officials say the 1975 budget will hover around $300 billion, with a deficit likely and energy and health program effects limited. The defense budget is expected to rise to compensate for wartime lag, while urban mass transit and energy research receive targeted attention.
MENTIONED IN THIS ARTICLE
Bill Neikirk
Associated Press
Washington
Nixon
Frederic V. Malek
Malek
Union