Nixon White House Tapes › Tape 133 › Conversation 133-024

Nixon phone call with Shultz on Cabinet appointments and Federal budget

Friday, June 9, 1972 · 10:29 AM–10:32 AM ET · Camp David Study Table · 3 min

ParticipantsNixon, Richard M. (President); Shultz, George P.Conversation133-024 on Tape 133 (tape position 03:10:08–03:13:03)StartFriday, June 9, 1972 at 10:29 AMEndFriday, June 9, 1972 at 10:32 AMRecording deviceCamp David Study TableSourceNixon Library record for 133-024 ↗

AI Summary

President Nixon and George P. Shultz discussed the successful Senate confirmation of Richard G. Kleindienst and upcoming Cabinet swearing-in ceremonies. The conversation shifted to critical budgetary concerns, with the President emphasizing the necessity of vetoing environmental and spending bills to curb excessive federal expenditures. Finally, they reviewed international monetary policy, specifically coordinating a stance on gold that diverged from the views held by Federal Reserve Chairman Arthur F. Burns.

Audio

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Transcript (AI-generated)

This transcript was generated automatically by AI (WhisperX) and has not been reviewed for accuracy. Names and numbers are often wrong; speakers are not identified. Do not cite it as authoritative — verify against the audio and the finding aid.

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Hello.
Good morning, sir.
Well, you had a pretty close shave, didn't you?
Yeah.
Just got by.
I was glad to see that Dick wound up with fewer votes against him than predicted.
Yeah, it was overwhelming, and a purely partisan vote, and not bad at that.
All right, well, we thought we'd have a swearing-in for all three on Monday, have a cap, too, so that we can...
start the week off with everybody in place great place right i see john erichman here shortly he's arriving back from stockholm yes i saw him this morning he was in figure out some ways to veto some environment bills now well we have to save some money someplace i don't know what we have a serious budget problem all right serious oh god it's unbelievable i've read all those stuff and uh of course if you when you look at the budget problem here
They're figuring the outside, but we've got to realize the way that Congress goes, and unless we do veto these things, we could reach that outside number.
Yes.
$55 billion in 74, right?
Right.
That is a figure that can't be permitted to happen, but it's the sort of thing that... That's a figure that would happen, though, as I understand it, if we got revenue sharing and if we got welfare reform and if we got...
the water bill and if we got all the other nutty things.
That's right.
Well, anyway, we'll see.
We're glad you're through and that your people, your underlings are confirmed, so that's fine, too.
Well, I think that we
keep the show together until after the election over there and then you can then make changes that's right that's right but i've had several talks with voker on just what our stance is we put out a statement the day before yesterday in this gold business that you may or may not have seen but anyway we we uh took the occasion to say that uh the way this price is going it only
shows further that the uh gold is not a suitable commodity for uh the basis of the monetary system yeah 66 dollars arthur won't like that much but anyway that's the fact of the matter well you have to you got volcker lined up though i think booker is uh he's tracking all right i've had some lengthy discussions where i don't agree with him i tell him and then i tell him to let's write out a paragraph now to say what it is that we're the position we're going to take right
He's an able fellow.
He's an able fellow, and he's a pragmatist, and he's trying to work a deal out.
But we can't allow Arthur with his tenacity to force on us something that we can't live with.
That's really what it gets down to.
I think that's right.
Well, anyway, have a good weekend.
Thank you, sir.
I appreciate the call.

NARA Description

On June 9, 1972, President Richard M. Nixon and George P. Shultz talked on the telephone at Camp David from 10:29 am to 10:32 am. The Camp David Study Table taping system captured this recording, which is known as Conversation 133-024 of the White House Tapes.

Nixon Library Finding Aid

Conversation No. 133-24

Date: June 9, 1972
Time: 10:29-10:32 am
Location: Camp David Study Table (telephone)

The President talked with George P. Shultz.

     Greetings

     Senate confirmation hearings

            -Richard G. Kleindienst
                 -Opposition votes
            -Cabinet meeting
                 -Swearing-in
                      -Caspar W. (“Cap”) Weinberger

     John D. Ehrlichman
          -Trip from Sweden
          -Environmental bills
                -President's vetoes

     National economy
          -Budget problems
                -Congress
                -Vetoes
          -Revenue sharing
          -Welfare reform
          -Water bill

     Confirmation hearings

     Gold
            -Shultz previous conversation with Paul A. Volcker
            -Basis for monetary system
            -Arthur F. Burns's view
            -Volcker
                 -Conversation with Shultz
            -Burns
                 -Positions on economic issues

Also recorded on June 9, 1972

  • 133-022 10:23 AM · 15 sec — President Richard M. Nixon and Camp David operator talked on the telephone at Camp David at 10:23 am.
  • 133-023 10:23 AM · 5 sec — President Richard M. Nixon and Camp David operator talked on the telephone at Camp David at an unknown time between 10:23 am and 10:29 am.
  • 192-003 10:23 AM · 30 sec — President Richard M. Nixon and Camp David operator met in the Aspen Lodge study at Camp David at 10:23 am.
  • 192-007 10:24 AM · 27 min — President Richard M. Nixon and John N. Mitchell met in the Aspen Lodge study at Camp David from 10:24 am to 10:47 am.
  • 192-005 10:29 AM · 3 min — President Richard M. Nixon and George P. Shultz met in the Aspen Lodge study at Camp David from 10:29 am to 10:52 am.
  • 133-025 10:32 AM · 8 sec — President Richard M. Nixon and Camp David operator talked on the telephone at Camp David at an unknown time between 10:32 am and 10:34 am.
  • 192-006 10:32 AM · 21 sec — President Richard M. Nixon and Camp David operator met in the Aspen Lodge study at Camp David at an unknown time between 10:32 am and 10:34 am.
  • 133-026 10:34 AM · 13 min — President Richard M. Nixon and John N. Mitchell talked on the telephone at Camp David from 10:34 am to 10:47 am.

All 37 conversations from June 9, 1972 →

Cite this conversation

Conversation 133-024, June 9, 1972. White House Tapes, Richard Nixon Presidential Library and Museum, National Archives. Audio and AI transcript via Easy Nixon, https://www.easynixon.org/tapes/133-024 (accessed September 27, 2026).