Senate Energy Bill Faces Veto, Excludes Oil Price Pause
The Senate debates a revised energy conservation bill as President Nixon vetoes a prior version. The measure seeks FEA power for conservation, rationing, and reporting, with a $500 million unemployment provision and a price rollback proposal. The debate centers on narrowing reform and preserving executive vetoes.
MENTIONED IN THIS ARTICLE
Washington
Senate
Nixon
Henry M. Jackson
Dash
Senate Interior Committee
Lin
Federal Energy Administration
House of Congress
FEA
Federal Energy Office
William E. Sinen
FEO
the Treasury
John C. Sawhill
Jackson
James Abourezk
Ll.d
Senate cuts Vietnam aid spark White House disappointment
The White House voiced deep disappointment after the Senate rejected a 266 million dollar boost for South Vietnam military aid. Deputy press secretary Gerald L. Warren said the funds were needed to sustain military balance as North Vietnam illegally infiltrated over 120,000 troops and brought in tanks missiles and other munitions since the 1973 cease-fire.
MENTIONED IN THIS ARTICLE
Washington
UPD
White House
Senate
South Vietnam
Gerald L. Warren
Nixon
Nixon says high interest vital to fight inflation spiral
President Nixon described high interest rates as unpleasant but necessary anti inflation tools and met with advisers to discuss housing and other economic measures. Officials noted the 14 percent first quarter inflation and a possible program to curb living costs, while the Fed signaled a tight money policy despite recession risks.
MENTIONED IN THIS ARTICLE
Nixon
Washington
UPI
White House
Gerald L. Warren
Stein
Warren
Independent
Federal Reserve Board
Econoric
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Grampia
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Crest Theatre
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Herbert Stein
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George P. Shultz
William E. Simon
Energy
Shultz
James T. Lynn
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Sucech
Phoenix
Ariz
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Long Beach Blvd
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Pac
Gel
Fay
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Leeks
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Harn
Bart
Lakewood Center
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