27 Jul 1973
Page 1
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Newspaper
Hope Star
Location
Hope, Arkansas, United States of America
Date
Jul 27, 1973
Page
1
President Nixon says a balanced federal budget without tax hikes can be achieved this year to combat inflation and rising prices. The administration announced a smaller-than-expected fiscal 1973 deficit of 14.4 billion dollars and that budget outlays were within the President's target.
Obituary items note Geneva McKissack of Rosston died in Prescott at 77 with services and burial details, plus multiple other local funeral notices. The second segment reviews fiscal 1973 deficits, budget balancing, unemployment at 4.8 percent, beef price controls, and June trade deficit, with brief quotes from Herbert Stein and George Schultz.
President Nixon refuses to turn over tapes and private presidential papers, sparking a court fight with the Senate Watergate Committee and special prosecutor Archibald Cox. The committee seeks a court order to compel compliance, with Judge Sirica set to rule by early August. Wright predicts a Supreme Court decision will settle the issue. Meanwhile the New York Jazz Museum begins Friday twilight concerts, with Roy Eldridge and the JPJ quartet performing.
Washington AP report says congressional conferees cut 430 million from a food stamp reform plan and tentatively agree to grant favorable credit sales under food for peace programs to most Communist nations. Senate House committee pushed toward final settlement on the farm and food stamp bill with a third work round planned.
In a late stage of talks the congressional conferees deferred major disputes on a new income support plan for cotton and grain farmers and a House backed ban on food stamps for most strikers. They gave preliminary approval to allowing low interest dollar credit sales under food for peace to Soviet Union China Cuba and other Communist nations except North Vietnam. The decision requires the President to certify national interest and explain reasons to Congress. The provision aligns eligibility for sales and donations under the 1954 law which has fueled about 20 billion dollars in farm exports. They also moved toward removing a Senate ban on using foreign currency from food for peace for military aid in Cambodia and South Vietnam.
Weather summary reports a 24 hour period ending 7 am Friday with a high of 97 and a low of 70. State forecast calls for partly cloudy warm conditions with widely scattered thunder showers in the southeast this afternoon, fair and mild tonight, and temperatures reaching upper 80s to low 90s through Wednesday with overnight lows mostly in the 60s.
In Kansas and nearby states the beef shortage worsens as farmers, processors, and supermarkets face backlogs and rising demand. Slaughterers like Alvin Roepke and John Eichelmeyer report weeks to months of wait times for cattle processing. Under Nixon Phase 4 price ceilings through Sept. 12, processors warn prices stay high while orders fill at ceiling levels. Colorado producers are told to withhold cattle until ceilings lift, and Swift Fresh Meats closes two plants amid market chaos. Industry groups seek court action to challenge the ceiling as about 60 firms coordinate response.
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