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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Feb 12, 1975
Page
3
Watergate prosecutors pursue a grand jury inquiry into the Democratic party finances for 1970 and 1971 focusing on possible violations of the federal campaign disclosure law. The investigation reflects ongoing scrutiny of political finance.
President Ford cautions that unemployment may rise faster than forecast while peaking under 10 percent and then easing by year end. He announced $2 billion in highway funds to create about 125000 jobs in construction and outlined plans after touring the Midwest. He met advisers to discuss the economy and energy proposals amid questions on Middle East diplomacy and Nixon’s potential return.
Secretary of State Kissinger arrived in Cairo and met with President Sadat to discuss concessions toward a broad Sinai pullback. Israel seeks a signed end to decades of hostility and guarantees of petroleum supply if Abu Rudeis is ceded, while Egypt insists on control of Mitla and Gidi passes.
Absenteeism blocked the Senate Finance Committee and a Democratic energy task force from advancing measures to counter Ford's energy plan. Only seven of eighteen committee members attended the finance panel, missing a quorum, while the task force had three of seven present. Sen. Russell Long defended the lack of attendance as peers pursuing speeches like the president.
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