Summary: S.Con.Res.71 — 97th Congress (1981-1982)All Information (Except Text)

There is one summary for S.Con.Res.71. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (03/16/1982)

Expresses the sense of the Congress that: (1) the President and the Congress must work together to reduce substantially the budget deficits projected for fiscal year 1983 and following years; (2) the President and the Board of Governors of the Federal Reserve System must take action to assure that interest rates remain at a level commensurate with a vigorous and stable economic recovery; and (3) the goal of monetary policy must be to stabilize interest rates at a level close to the historical average relationship between nominal interest rates and the rate of inflation.