January 4 - U.S. President Richard Nixon refuses to hand over materials subpoenaed by the Senate Watergate Committee.
February 28 - After seven years, the United States and Egypt re-establish diplomatic relations.
February 28 - General election in the U.K. results in no majority for any party; Labour will form a minority government until October despite having received fewer votes nationally than the Conservatives. See United Kingdom general election, February 1974.
March 1 - Watergate scandal: Seven are indicted for their role in the Watergate break-in and charged with conspiracy to obstruct justice.