Connally defends flexible federal policy amid inflation outlook
Treasury Secretary John B. Connally said Nixonomics are flexible and can be adjusted quickly if inflation persists during the current economic expansion. He backed government reorganization and warned revenue sharing faces stiff opposition led by Rep. Mills, while signaling a cautious approach to tax boosts this year.
MENTIONED IN THIS ARTICLE
Retary of
Nixon
Congress
Connally
Texas
David M. Kennedy
Mills
Wilbur Mills
D-Ark
House
Interior eyes Santa Barbara offshore oil sanctuary
Secretary of the Interior Rogers C. Morton said the department is considering resubmitting legislation to create a National Energy Reserve in the Santa Barbara channel and to terminate certain leases. He supported enlarging the federal sanctuary to include leases off San Miguel and Anacapa, while awaiting final environmental reviews and comments.
MENTIONED IN THIS ARTICLE
Washington
Rogers C. B. Morton
Santa Barbara
Calif
Morton
Ment
Santa Barbara Channel
San Miguel
Anacapa
Islands
Council On Environmental Quality
Santa Ynez
Ventura County
Inflation remarks urge business leaders to act
In recent talks to businessmen, the speaker questions what they have done to curb inflation. He notes many favor free enterprise but blame the administration and the President, stressing that the issue concerns everyone.
Burton Leads Liberal Wing of Democratic Study Group
In a 72 to 48 vote the Democratic Study Group elected Rep. Philip Burton to lead the liberal faction of the House Democrats. Burton, a San Francisco lawyer, defeated Rep. James Corman and signals closer cooperation with House leadership. He has a long welfare policy record and opposed the Vietnam War, aligning with liberal priorities. The DSG includes 128 members in a 256-member majority split.
MENTIONED IN THIS ARTICLE
Washington
House
Democratic Party
California
Democratic Study Group
DSG
Philip Burton
James Corman
Burter
Donald Fraser
D-Minn
Burton
Corman
San Francisco
Nixon
Senate
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Olive
Steven
Levy's
Levy
Caeyse A
Queen & King
E.B.S
Ada Reas
Long Beach
Long Beach Blvd
BS Income Tax
Beravice Gia Lag
Ways and Means
Dark
Carl Albert
D-Okla
Fraser
Sam Gibbons
Florida
William Clay
Missouri
John Culver
Tom Rees
UPI
Town House
Americas
Pall Mall
Eee
Seana
Westwood Blvd
ANC
Ripley’s
Believe It
Ripley's
Ripley
SAVE
SAFE
Financial Federation
Atlantic Ave
Campton
Olea
Paramount
Tee Fenfrat
Vane
We Peay York
Es Aii
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