Word: extends
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Dates: during 1970-1979
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Nixon said he will ask Congress to extend until April 1973 the 1970 Economic Stabilization Act which gave him power to impose the wage-price freeze...
Committee hearings on the bill to extend the draft for two more years began last February. At the end of June, the Army had to stop drafting young men because the authorization was mired in Congress. Draft extension became the focus for a broader debate on Viet Nam. In June, antiwar forces won passage of Majority Leader Mike Mansfield's amendment. It tied continuing conscription to a demand that all U.S. forces be withdrawn from Indochina within nine months, provided that American prisoners of war were first released...
...distinctive roles. Last week Richard Nixon was the Chief Executive, urging the reconvening Congress to act on his New Economic Policy, meeting with labor leaders to help plan what wage and price restraints will follow the end of the 90-day freeze-which the President said he would not extend beyond Nov. 14. Nixon was also the economic evangelist, preaching a new-old faith in the basic strength of the American system...
...national defense. But he was quick to express his disapproval of the move. If Congress believes that controls are needed, he said, it should "face up to its own responsibilities and make such controls mandatory." Congress preferred to let Nixon take the responsibility. In March it voted to extend the Economic Stabilization Act, and Nixon once more protested, although this time the Administration softened its position somewhat; it was growing less confident about its own economic policies. Treasury Secretary Connally told the Patman committee that the White House would "accept" the bill rather than fight it. And last week Nixon...
...less than capacity and frequently at low profit are in a much less advantageous position to spend than are the nation's savings-flushed consumers. Moreover, the President may well have trouble persuading Congress to avoid allocating the funds from his budget cuts to other projects?and thus re-extend the danger of high deficit spending. On balance, however, the plan has a good chance of success, if only because, as Economist David Grove says, the President has finally told an apprehensive nation: "Yes, folks, the Government will do something...