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See also: 1973 in politics[?], other events of 1974, 1975 in politics[?], list of years in politics[?]. Events January 2 - Richard Nixon signs a bill lowering the maximum US speed limit to 55 MPH in order to conserve gasoline during an OPEC embargo. January 4 - United States President Richard Nixon refuses to hand over materials subpoenaed by the Senate Watergate Committee. Turkey invades the country of Cyprus, occupies the northern third of the island, and declares the founding of the Turkish Republic of Northern Cyprus. February 28 - After seven years, the United States and Egypt re-establish diplomatic relations. March 1 - Watergate scandal: Seven are indicted for their role in the Watergate break-in and charged was conspiracy to obstruct justice. April 25 - Portuguese democratic revolution. May 18 "Smiling Buddha" nuclear weapon test by India Ethiopian Emperor Haile Sellassie ousted in a coup by the Derg[?]. Births Deaths