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Nixon Pleased With New Economic Policy at Camp David
President Nixon, on the Camp David retreat anniversary, lauds early results of his wage price and dollar policy while warning Congress could derail anti inflation aims with large spending bills. Treasury Secretary Shultz cites sub 2 percent four month inflation, but Budget Director Weinberger warns of inflationary risks from a higher health education labor bill and possible tax pressure. White House aides hedge on timing of wage and price controls as Pay Board says it will limit wage increases to 1.5 percent.
MENTIONED IN THIS ARTICLE
Thurmont
Wack
Nixon
Camp David
Maryland
White House
Zi Nixon
Hha “Lop Eemomic
Treasury
George Shultz
Caspar Weinberger
Congress
Weinberger
Washington
Pay Board
New Economic Program