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Tucson Citizen in Tucson, Arizona

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Newspaper

Tucson Citizen

Location

Tucson, Arizona, United States of America

Date

Sep 16, 1977

Page

1

Teen minimum wage vote narrows with one vote margin

In Washington the House approved raising the federal minimum wage from 2.30 to 2.65 next year 2.85 in 1979 and 3.05 in 1980 with a 211 to 289 vote on the youth differential after a long debate. Speaker O'Neill cast the deciding vote to break a tie. The measure kept a separate youth wage provision and rejected indexing viewed by some as inflationary. About 52 million Americans are covered by the minimum wage law with three million earning at or near the minimum. The House also exempted full-time babysitters from the wage rules and maintained several other exemptions including amusement parks and certain farm work.

House Thomas P Tip” O'Neill D-Mass Afl-Cio Senate Human Resources Committee

Tucson Mortgage Boom Sets Records in 1976 First Half

Paul A. Rich of Greater Arizona in Tucson says July and August were the firm’s best months here with a new monthly record in Pima County for home mortgage loans by number and value. Nationwide federal savings loan lending rose 35 percent in June year over year as deposits stay ample to meet demand. Prospective buyers note lower local rates around 8.75 percent, with inflation, copper layoffs, and prime rate hikes shaping demand and future rate expectations. Roy Swingle forecasts Tucson mortgage rates reaching about 9 percent by year end.

Paul A. Rich Greater Arizona Tucson Pima County Rich Savings and Loan Phoenix Chase Manhattan Bank Roy C. Swingle Security Savings & Loan Association

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