I herewith transmit to the Congress the most recent Quarterly Report of the Economic Stabilization Program.

Ever since the Highway Safety and the National Traffic and Motor Vehicle Safety Acts were passed in 1966, the fatality rate on our Nation's highways has been falling.

It is my hope that this three-volume report on the Highway Safety and National Traffic and Motor Vehicle Safety Acts of 1966, by reviewing the challenge of traffic safety and by detailing our efforts to meet it, will increase our awareness and enhance our effectiveness in this vital field.

I am convinced that Phase IV, combined with actions to increase supplies, a restrictive monetary policy, and restraint in Federal spending, will enable us to reduce the inflationary threat to our economic well-being.

Mrs. Nixon joins me in mourning the loss of a former House colleague, longtime friend, and dedicated public servant whose death bereaves all Americans.

I have what it takes.

I have no greater interest than to see that the new Special Prosecutor has the cooperation from the executive branch and the independence that he needs to bring about that conclusion.

I think Mr. Brezhnev probably can't quite understand how the President of the United States wouldn't be able to handle the Watergate problems.

The alert has already been discontinued with regard to NORAD, that is, the North American [Air Defense] Command, and with regard to SAC [Strategic Air Command].

My notes to him he might characterize as being rather rough.

You see, one can only be angry with those he respects.

It would, for example, strike from the President's hand a wide range of important peace-keeping tools by eliminating his ability to exercise quiet diplomacy backed by subtle shifts in our military deployments.

While I firmly believe that a veto of House Joint Resolution 542 is warranted solely on constitutional grounds, I am also deeply disturbed by the practical consequences of this resolution.

I believe that both these provisions are unconstitutional.

This Administration is dedicated to strengthening cooperation between the Congress and the President in the conduct of foreign affairs and to preserving the constitutional prerogatives of both branches of our Government.

Now, THEREFORE, by virtue of the authority vested in me by 26 U.S.C. Section 912 (2) and for the reasons set out below, I hereby approve Commission Regulation 4.4 subject to the qualifications and limitations provided in the next two sentences.

Except where expressly inconsistent with this order, the requirements of Executive Order No. 10000 shall govern the payment of COLA granted to Commission employees.

I hereby return without my approval House Joint Resolution 542--the War Powers Resolution.