News stories from Tuesday January 27, 1976
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The House of Representatives brushed aside a last-minute plea from President Ford and gave final approval to the congressional cutoff of aid for two Western factions in the Angolan civil war. This amendment to a $112.3 billion defense appropriation bill was voted 323 to 99. A White House spokesman said later a veto of the measure was unlikely. [New York Times]
- The Democratic Congress won its first skirmish of 1976 with President Ford when the House of Representatives overrode his veto of a $45 billion appropriation for health, welfare and manpower programs by a vote of 310 to 114, The Senate is expected to override the veto by a comfortable margin today. The size of the House margin surprised leaders of both parties. [New York Times]
- Internal discord and extraordinary organization failures have jeopardized President Ford's uphill effort to defeat Ronald Reagan in the March 9 presidential primary in conservative Florida. The White House press secretary said that if the vote were now, "we'd get clobbered." The replacement of Representative Louis Frey as Florida campaign manager is possible. [New York Times]
- In a dispatch dated Jan. 23 to the Secretary of State and all United States embassies, Daniel Patrick Moynihan, the United States representative at the United Nations, says he is succeeding in breaking up the anti-American voting bloc there but that the State Department does not realize this and does not support him. He said that the department's "conventional wisdom" had predicted his tough tactics would fail and now was determined to prove them a failure. The cablegram, a copy of which was obtained by the New York Times, suggested that such persons "stop blabbing to the press what is not so." [New York Times]
- Marion Javits, wife of Senator Jacob Javits, gave up both her $67,500 consultant role on an Iranian public relations account and her two-week-old salaried post as a senior vice president of the company involved, Ruder & Finn. Her husband, who had expressed unhappiness about her role, said he was deeply grateful for her sacrifice in this matter. [New York Times]
- Spain's highly conservative Council of the Realm has reportedly reversed itself and approved a government move toward making the Parliament more representative. With that approval from Spain's highest consultative body, King Juan Carlos I issued a decree prolonging the term of the present Parliament for 15 months to give time to prepare elections next year. [New York Times]
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Dow Jones Industrial Average: 957.81 (-3.70, -0.38%)
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| Market Index Trends | |||
|---|---|---|---|
| Date | DJIA | S&P | Volume* |
| January 26, 1976 | 961.51 | 99.68 | 39.64 |
| January 23, 1976 | 953.95 | 99.21 | 33.64 |
| January 22, 1976 | 943.48 | 98.04 | 27.42 |
| January 21, 1976 | 946.24 | 98.24 | 34.47 |
| January 20, 1976 | 949.86 | 98.86 | 36.69 |
| January 19, 1976 | 943.72 | 98.32 | 29.45 |
| January 16, 1976 | 929.63 | 97.00 | 25.94 |
| January 15, 1976 | 924.51 | 96.61 | 38.45 |
| January 14, 1976 | 929.63 | 97.13 | 30.34 |
| January 13, 1976 | 912.94 | 95.57 | 34.53 |