Fund picture gloomy for Social Security
Social Security Commissioner James Cardwell warned of larger than expected deficits as 1975 funds show paym ents exceeding payroll tax income by 3 billion dollars. He said a legislative proposal to restore short range soundness could be announced around May 20 amid testimony by Caspar Weinberger.
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Washington
UPD
Social Security
James Cardwell
Cardwell
Caspar Weinberger
Department of Health, Education and Welfare
House
Ways and Means
Congress
Social Security Trust Fund
Weinberger
Treasury
William Simon
Labor
John Dunlop
Ford
Dunlop
Simon
Ford Opposes Federal No Fault Insurance Standards
Transportation Secretary Coleman told Congress the administration will oppose federal standards for nationwide no fault auto insurance. He argued states should lead, noting 16 states enacted no fault laws in four years and Michigan’s plan stands out as strongest. Coleman defended cabinet deliberations and rejected revealing individual positions.
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Washington
UPI
Transportation
William Coleman
Congress
Coleman
Senate Commerce Committee
Frank Moss
Dutah
Ford
Michigan
Puerto Rico
White House
Moss
Consumers Cut Back Debt Again as March Figures Decline
The Federal Reserve reports total consumer credit fell by 462 million in March to 184.3 billion, with declines in auto loans and other goods except personal loans which rose 107 million. The data shows consistent post October declines, despite hoped for stronger spending and stimulus.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Fed
Supermarket Profits Peak Since 1971 Say Survey
Dallas AP report details profits for 1974 at 4.1 percent return on assets, up from 1973 and 1972, though below other industries. The rise linked to higher consumer spending and prices. The Super Market Institute surveyed 11,000 stores with 35 billion in sales, representing 800 member companies totaling over 70 billion in retail sales.
MENTIONED IN THIS ARTICLE
Dallas, Tex
Super Market Institute
The
Institute
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Richard M. Nixon
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Corton
Queensway
Port OF
Long Beach
Mother Nature
Los Angeles
Canadian Pacific Air
Vancouver
Canada
CP Air
Bellflower Blvd
Stearns
Cpair
Canadian Pacific
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