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THE PRESIDENT BP HAS SEEN NEWS SUMMARY February 27, 1974 (Tues. nets, wires) The major stories of the day: Dissection of news conf. seemed to be order of the day. Less than 24 hours after RN's guarded optimism on economy, led NBC, Burns said inflation couldn't be halted this year. Chancellor followed by note of food price increase (also on ABC) and then had film of bakers claiming US may not have any bread in late spring, even at $1/loaf. The Fed chief's differing w/RN was noted in #2 CBS story. RN made some waves that went on rippling, above all his suggestion that fuel crisis has passed, led ABC. Similarly CBS led by saying RN had stirred up controversy on Hill by saying "crisis has passed. 11 Both nets w/RN clip from news conf. followed by Simon on film pointing out to Jackson that RN's optimism was re: end to gas lines and RN recognizes problem of shortage will continue. NBC's Levine noted energy officials fear RN's words will lead to less gas conservation. All nets also noted Mansfield and Petrol execs who advise Interior disagreed w/RN's optimism on chances for avoiding rationing. WH apologized for RN citing Weisner as one of those who claimed deductions for papers. Noted by all nets w/CBS saying WH blamed press for story as Scripps-Howard had listed Weisner last Dec. Unusual public pressure put on VA's Johnson by RN, noted NBC whichhad film as did ABC of RN saying attention should be given to any indication that benefit laws aren't being carried out. Johnson followed by saying in any program of such vast proportions that all checks wouldn't make it on time. ABC w/clips of AU students who continue to be victims of VA red tape and burocracy. And NBC's Nessen said Johnson's admission of VA errors confirmed vets are victims of red tape, complicated forms and regs. RN raised some eyebrows, said ABC, w/his remark that Jaworski's request was a "matter of record. " In fact, said ABC's Schoumacher keeping true to Tuesday nite's refutation, contradiction or other- wise muddying of almost every major remark made by RN, it wasn't