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Economy weighs on Carter as unemployment and prices loom
President elect Jimmy Carter faces a tough call on stimulus as the Labor Department releases November unemployment data and wholesale prices. With 7.6 million jobless in October and prices rising, analysts warn inflation could rise if stimulus is delayed. Alice Rivlin of the CBO urges Congress to reopen the budget for possible tax cuts or higher spending to hit 1977 goals.
MENTIONED IN THIS ARTICLE
Washington
Jimmy Carter
Carter
Labor Department
Congressional Budget Office
Congress
Alice Rivlin
Congressional Joint Economic Committee