Burns warns of energy plan turmoil and inflation risk
Federal Reserve official Burns warned Congress that Carter energy policy could cause turmoil in the economy with tax rebates and energy funding raising inflation risks. He noted rising consumer and wholesale prices and urged swift action on the energy program to avoid derailing growth into 1978.
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Senate Banking Committee
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Uation
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USPS Seeks 16 Cents First Class Stamp and Five Day Delivery
Washington NYT report says the US Postal Service will prepare rate and service reduction requests to raise first class stamps to 16 cents and cut mail delivery to five days a week. Officials warn deficits could reach 1 billion next year without revenue or cost cuts. A federal commission urged five day delivery and increased funding. Rep. Wilson pushes to maintain six day service. A law blocks rate increases for 10 months after filing.
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Nyts
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Sara of Governors
Federal Commission
Benjamin F. Bailor
Charles H. Wilson
D-Calif
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