Richard Nixon: “Inflation continues to be our most important economic problem--and budget and monetary restraint continue to be our most…”

I recommend that the Senate give early and favorable consideration to both the Telegraph Regulations and the Telephone Regulations and give its advice and consent to their ratification with the declarations proposed in the report of the…

May God's grace be with you in all the days ahead.

This legislation exceeds my budgetary recommendations by such a large amount--some $540 million--that it presents a clear and distinct threat to our fight against inflation and cannot be accepted.

I take this occasion once again to urge prompt and final action on the Trade Reform Act.