Wholesale Price Index shows slower inflation rise
Washington reports a gradual cooling of inflation with May WPI up four tenths of a percent after seasonal adjustment, less than April's 1.5 percent gain. The industrial commodities index rose only two tenths of a percent, while the overall index trends point to a slower recovery and a potential upturn in investment later in 1975. Livestock-driven spikes lift farm product prices, moderating gains across components.
MENTIONED IN THIS ARTICLE
Washington
Labor Dept
Senate rejects overseas troop cuts in defense vote
The Senate voted 57 to 32 to defeat liberal efforts to cut troops overseas by 200,000 and to continue work on the B1 bomber and an airborne radar system. Goldwater defended the B1 as vital while McGovern argued it would be prohibitively expensive.
MENTIONED IN THIS ARTICLE
Washington
UPT
Senate
Barry M. Goldwater
R-Ariz
George S. McGovern
D-S.c
Air Force
McGovern
Goldwater
James Reston
U.S
Henry M. Jackson
D-Wash
Naval Reserve
Ford approves bill to restart stalled highway projects
President Ford signed the Federal Share of Highway Projects Act to let states reallocate federal funds among highway programs and start federally aided construction without required state matching funds. The measure, aimed at lifting spirits in the industry, runs until Sept. 30 and could become permanent.
MENTIONED IN THIS ARTICLE
Washington
UPI
Ford
House votes to extend review time on oil price decontrols
The House approved a bill 230 to 151 to give Congress 15 days to review any presidential decontrol order on oil prices instead of five. It also moves the 1873 Act expiration from August 31 to December 31. Ford had said he would lift controls on old domestic oil currently capped at 5.25 a barrel.
MENTIONED IN THIS ARTICLE
Washington
Ford
House approves $1.35 billion housing subsidy bill
The House passed a $1.35 billion housing subsidy measure aimed at 500,000 middle income families seeking new homes and 300,000 homeowners facing foreclosure. The bill, veto risk high, totals 253 to 155 and heads to the Senate for likely approval.
MENTIONED IN THIS ARTICLE
Washington
UPI
Congress
Senate
Levi questions national no fault plan as likely unconstitutional
Attorney General Edward H. Levi told Congress that a proposed national no fault auto insurance bill is probably unconstitutional and would erode states rights. He urged allowing states to adopt their own no fault plans, noting 14 states already have such statutes since 1972 and others have added no fault features.
MENTIONED IN THIS ARTICLE
Washington
UPI
Edward H. Levi
Congress
Levi
Senate Commerce Committee
Senate
House
Senate Moves Voting Rights Bill To Calendar
The House approved a 10-year extension of the 1965 voting rights act 341 to 70. Senate Democratic Leader Mike Mansfield placed the bill on the calendar to avoid Judiciary Committee bottling, signaling likely quick approval despite past southern resistance.
MENTIONED IN THIS ARTICLE
Senate
Mike Mansfield
Washington
UPI
House
Mansfield
Also Mentioned on This Page
N.Y. Times News Service
Secretary of Commerce
Rogers C. B. Morton
I Maid
Isis
Soviet Union
Gravel
United States
Sen
Barry Goldwater
Asia
Utapao
Udorn
Thailand
Ford Signature
Edward Levi
Judiciary Committee
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