President urges action to curb inflation and housing in special session
President Truman appeals to Congress to act now against inflation and the housing shortage, warning that delays could trigger world instability. He cites rising prices, cost of living, and industrial price hikes, noting eight months of inaction since the last comprehensive ant inflation program and urging swift enacted measures.
MENTIONED IN THIS ARTICLE
Washington
Congress
Ant inflation program urged to curb rising prices
The speaker argues prices outpace production and calls for direct inflation control. He urges Congress to enact a strong ant inflation program with excess profits tax, consumer credit controls, broader Fed authority, commodity exchange population limits, allocation and inventory controls for scarce goods, and rent measures.
MENTIONED IN THIS ARTICLE
Treasury
Federal Reserve Board Bs
Price controls and wage policy for inflationary pressures
The speaker argues for strengthened controls and appropriations to enforce price limits, with standby authority to ration scarce health affecting products. He urges authorized price ceilings on essential commodities tied to industrial production and rising living standards, stressing that wage increases should be noninflationary and absorbed within price ceilings.
MENTIONED IN THIS ARTICLE
Kagnem
National Housing Legislation Urgently Needed in Congress
The editorial calls for federal housing measures to cap rents where appropriate and adjust wages to avoid hardship. It argues time is wasted and delays worsen hardship while urging a balanced program to aid moderate income families and expand rental housing to curb rising costs.
MENTIONED IN THIS ARTICLE
Congress
Onid
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