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Lubbock Avalanche Journal in Lubbock, Texas

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Newspaper

Lubbock Avalanche Journal

Location

Lubbock, Texas, United States of America

Date

Jul 30, 1970

Page

27

Nixon aides flag July wholesale price jump on food

At the Western White House George P. Shultz announced a July rise of five tenths of 1 percent in the Wholesale Price Index led by food. The increase sharpens the year’s inflation outlook as White House aides discuss a 1972 budget near 210 to 220 billion dollars amid deficits and spending projections.

San Clemente Calif White House Nixon George P. Shultz Office of Management and Budget Washington Shultz

Mahon Deems Unified Budget Deficit Figure Misleading

House Appropriations Chair George Mahon said the Nixon administrations unified budget claim of a 2.9 billion deficit is misleading. He cited a near 11 billion shortfall under the old accounting and warned the public misrepresentation obscures true spending and revenue sources. He noted Congress spent 5.6 billion less than requested while the administration overspent by about 12.2 billion.

United Prean Washington George Mahon House Appropriations Committee Ednesday Nixon Mahon D-Tex House White House Jeader Gerald R. Ford Lyndon Johnson Frank T. Bow Rqhio Bow Congress George “H House Appropriations ‘Committee

House OKs 1.6 Billion Housing Bill Amid Veto Fears

The House sent to the Senate by voice vote a 1.6 billion dollar appropriation bill funding HUD and many independent agencies for the new fiscal year starting July 1. A conference return to cut the measure failed 227 to 156, with supporters citing needed programs and critics warning of deficits and election-year spending.

Nixon House Senate Mahon Congress Scott Washington Senate House Department of Housing and Urban Development Hugh Scott Congréss M’ajor

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Asa Tyne Ee HITS Mario T. Buel Whitehall N.Y DUDE Dude Range Seashore Iwan Ase Ee Linaar ‘Foot Laie VANN Ie Ayatthe
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