Budget Reform Passes House in Sweep to Power Congress
Washington AP The House approved a sweeping budget reform bill by 386 to 23 aimed at tightening congressional control of spending and constraining presidential impoundments. It creates a legislative budget process with specialized committees and staff, to draft a concurrent budget after the president's proposal, signaling a major shift in fiscal power.
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States study lower speed limits easing auto insurance
December 6 1973 Associated Press reports that lower highway speeds may trigger cuts in auto insurance rates across many states with Louisiana ordered to reduce rates if 50 mph limits hold. Officials say fewer miles driven and fewer accidents could lower premiums by up to 40 50 percent though timing unknown.
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National Association of Insurance Commissioners
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Open Food Seminar In Hershey
In Hershey Pennsylvania the two day National Food Policy Conference opens to study food production distribution and economics. Farmers nutritionists politicians and officials attend the Agriculture Department hosted event. Agriculture Secretary Jim McHale stresses food as a key national resource and calls for an overarching policy amid trade and energy concerns.
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