Meany warns wage and price controls amid inflation risk
AFL-CIO President George Meany urged President Nixon to consider wage and price controls if inflation remains while recession looms. He warned unemployment could rise sharply, possibly to 6 percent, and said ceilings may be needed if anti inflation moves fail to slow prices. He noted wariness about a broader sacrifice and stressed controlling inflation as the priority.
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McCormack Challenger Admits Defeat but Claims Victory
Rep. Jerome Waldie, Democrat of California, concedes his no confidence motion against House Speaker John McCormack faces defeat in the caucus yet argues the challenge achieves its purpose. Waldie predicts only 10 to 15 votes and says leadership changes may follow next year. House leaders call for a closed-door caucus as the motion could be delayed by a quorum issue. Waldie says time is on his side and may resurrect the bid next month if needed. California Democrat Rep. Robert Leggett backs Waldie, affirming support for the challenge.
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