The Administration recently announced its national economic program for 1975 to Congress and the public. The general nature of the program was disclosed in the President’s State of the Union message and the details were provided later in three documents—the Federal Budget, the Economic Report of the President, and the Annual Report of the Council of Economic Advisers. These three documents present (1) Federal budget plans for the 21-month period ending September 30, 1976, (2) economic projections for the years 1975 through 1980, and (3) general suggestions as to the appropriate course for monetary actions.