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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Jun 23, 1981
Page
7
The May consumer price index rose 0.7 percent led by housing costs up 1.3 percent amid higher mortgage rates and prices. Gasoline and food fell, while fresh fruits and vegetables dropped groceries 0.5 percent. Over five months inflation runs 8.4 percent annually, down from last year’s peak.
Senate opens full final debate on Reagan's 39.6 billion budget reductions while Democrats push to restore about 1 billion to social programs including Social Security nutrition and foster care. Finance panel backs tax-exempt savings certificates estate tax relief increased gifts and capital gains cuts. Rostow calls for containment shift and warns against new START timing. Thurmond names eight nominees to replace Potter Stewart. House moves to shift Maritime Administration to Transportation and extend MFN tariffs for Romania Hungary and China.
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