Simon optimistic on deficit path and tax cuts
Treasury Secretary William E. Simon said he no longer fears an 80 to 200 billion dollar deficit this year. He noted uncertainty remains tied to economic recovery, tax cuts expiration, and interest rate movements, but values a slower recovery to curb rate rises and views the deficit as manageable with minimal disruption.
MENTIONED IN THIS ARTICLE
Simon
Washington
Treasury
William E. Simon
Ford
Congress
U S Regional gas pricing eyed under study by FEA
The Federal Energy Administration weighs a plan to allow two cent regional gas price differences while keeping average nationwide price hikes. The proposal would let refiners vary regional increases but require the total pass through to average five cents per gallon.
MENTIONED IN THIS ARTICLE
U.S
Washington
Federal Energy Administration
FEA
Ronsidertion
Wold
Ford
Auto makers oppose strict fuel economy standards in Washington
GM Chrysler and Ford executives told the Senate Finance Committee that mandatory fuel economy rules would cost jobs and raise car prices. They warned a 1985 28 mpg target and later goals could force small cars only, eroding demand for large family sedans and wagons and hurting the economy. They urged retaining voluntary programs and current emission rules through 1980.
MENTIONED IN THIS ARTICLE
Washington
UPI
Bare
General Motors
Allliott M. Estes
Congress
Estes
Chrysler
Alan G. Loofbourrow
Ford
F. G. Secrest
Secrest
Ex major to face jury in oil fraud case
Ex Army Major David C Simmons, once head of the Defense Department oil and lubricants section in Saigon, is accused of moving 1.2 million from U S funds into his Hong Kong accounts via a fake Vietnam oil deal. A federal magistrate ruled probable cause exists and sent the case to a grand jury.
MENTIONED IN THIS ARTICLE
Wlkins
W. Va
UPI
David, C. Simmons
Simmons
Leslie D. Lucas
Simmunsons
Justice Department
U.S
Hong Kong
U.8
District Court For
Etviiléin
Defense Department
Saigon
National Bank of Vietnam
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Frank Zarb
Auto Makers
Savings Association
American Express
FSLIC
Great Western Savings
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NTE
Boranteed Ok
RS St
Galeon
Arene
Panorama City
San Bernardino
Los Angeles
Huntington Beach
Fullerton
Covina
Torrarce
Rosemead
Montclair
Hida Nort
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