Statement by U.S. President John F. Kennedy at press conference about the steel price increase

Statement by U.S. President John F. Kennedy at press conference denouncing the steel price increase. He speaks about the price increase's impact on the economy and national security. He also reads a statement on potentially releasing involuntary guards in the near future and a statement on the report from the board of inquiry into labor disputes in the West Coast maritime industry, saying he has requested an injunction on the workers' strike. CBS White House correspondent George Herman provides introductory commentary.