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The Key West Citizen
Key West, Monroe County, Florida
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Sen. Capehart (R-Ind.) plans to lead efforts in the Senate Banking Committee for an early congressional decision next year on extending or ending federal wage and price controls, set to expire April 30.
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WASHINGTON -Sen. Capehart (R.-Ind.) said Wed. he will seek a swift decision by Congress next year on the fate of wage and price controls.
Capehart is slated to head the Senate Banking Committee which handles controls legislation in that chamber.
He told a reporter he will seek agreement with the House Banking Committee "to dispose of this important problem just as early in the next session of congress as possible."
Authority to retain federal curbs on wages and prices will expire April 30 unless Congress extends it.
The senator declined to comment on reports that some labor union leaders may press for abandonment of wage controls even if they would have to accept an end of price controls too.
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Domestic News Details
Primary Location
Washington
Event Date
Wed.
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Event Details
Sen. Capehart (R.-Ind.) said he will seek a swift decision by Congress next year on the fate of wage and price controls. He is slated to head the Senate Banking Committee which handles controls legislation. He told a reporter he will seek agreement with the House Banking Committee to dispose of this important problem just as early in the next session of congress as possible. Authority to retain federal curbs on wages and prices will expire April 30 unless Congress extends it. The senator declined to comment on reports that some labor union leaders may press for abandonment of wage controls even if they would have to accept an end of price controls too.