IMF Reform Hopes Dim as US Seeks Greater Flexibility
Washington reports note deep divides between the United States and most industrial powers over monetary reform. The IMF meeting will not dictate solutions but may create a Committee of Twenty to negotiate, with the U.S. pushing for freer trade, currency flexibility, and a role in fixing dollar value amid ongoing debates.
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Washington
United States
International Monetary Fund
U.S
IMF
Committee of Twenty
the Treasury
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France
Inquiries Rise Over Wheat Deal With Soviet Union
The sale of 400 million bushels of U S wheat to the Soviet Union dominates inquiry across nearly twenty government bodies and committees. Hearings show the talks began in April with Earl Butz and Clarence Palmby leading negotiations in Moscow. Palmby denied taking inside information or influencing grain markets. Rep Neal Smith plans a winter reopening as part of a broader farm-foreign trade review. Vice President Agnew said the FBI probe was requested by Secretary Butz.
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Soviet Union
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White House
Earl L. Butz
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Clarence D. Palmby
Palmby
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House
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Lowa
Spiro T. Agnew
Minneapolis
Minn
FBI
Agriculture
Butz
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