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December 15 OCTOBER 14, 1971 THE PRESIDENT HAS SEEN The war remains the major foreign story, today featuring Indian shelling of Dacca, and the resignation of the civilian East Pakistan Government. A MONS High White House official has put out the word that unless the Soviets restrain the Indians, the plans for the trip to Moscow may be altered. The criteria of Soviet restraint of India will be the events of the next several days. Perhaps the major story of the day, however, is the decision by the President, announced, to devalue the American dollar as part of the arrangements ending the international monetary dead- lock. Many papers, indeed, most papers, lead with this as a banner, and carrying secondary stories on what "devaluation" means. Congressional approval noted in many papers. Finally, both House and Senate have passed a welfare reform bill containing the tough work incentives and W rk requirements which the RUS President has asked, but without the guaranteed income features. "The stick without the carrot," said one. Talmadge is gehind the measure, which corresponds to what the President requested in terms of tough work rules for welfare re- cipients. Welfare lobby is howling. #####