Conferees OK limited funds for bomber production delay
United States Senate and House conferees reached a compromise on defense funds delaying full production of the bomber until February 1977. Sen. John Culver noted the decision marks a cautious victory for those favoring flight before purchase. An Air Force test section reportedly cracked under high stress during a fuselage test.
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Fielce
Air Force
Senate
House
John Culver
Culver
E. Bl
Senate budget panel backs 412.8 billion spending plan
The Senate Budget Committee approved a 412.8 billion spending ceiling and 362 billion in estimated revenues for fiscal 1977, projecting a 50.8 billion deficit. The plan keeps revenue sharing at 6.65 billion and factors in a 1.1 billion revenue rise from tax revision talks, with unemployment tax increases. It mirrors House Budget figures and contrasts Ford's earlier projections.
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Senate Budget Committee
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Ate Conicreme
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Ford
Ford assails Congress for half a loaf tax measure
President Ford attacks Congress for extending a 15 billion tax cut, saying they gave the country only half a loaf. He contrasts this with a proposed 28 billion cut and argues Democrats would force more spending and higher taxes. White House aides expect the issue to shape campaign debate.
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New York Times
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Senate approves 15-day tax withholding freeze
The Senate easily passed a bill to freeze personal tax withholding rates for 15 days. The measure, sent to a House that adjourned without action, would have averted a roughly $3 weekly rise in take-home pay per worker. Senator Russell B. Long notes the temporary action, flagging antitrust wrangling as ongoing.
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Senate
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Russell B. Long
Dla
Wage-rate increase slows in second quarter
The Labor Department reports that wages and salaries rose 1.7 percent in the second quarter, down from 1.9 percent in the January to March period. The index tracks compensation excluding fringe benefits and will be expanded next year to include benefits, with future monthly publication planned.
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Washington
Labor Department
Department
Ford plan guarantees federal pay raise for millions
President Ford said he will not request federal pay increases this year, ensuring a 4.83 percent rise for about four million civilian and military workers. He will decide by Oct. 1 among three recommended options costing about $2.5 billion.
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Washington
Ford
Know Your Port Series Fourth Towed Aboard And Ashore
A look at RO/RO ships and LASH barges explains faster freight handling. RO/RO vessels roll on and off up to two million revenue tons yearly and use a mothership concept for barges. LASH ships carry traveling and gantry cranes to load containerized cargo, delivering to shallow berths and improving port throughput worldwide.
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Long Beach
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