Word: billion
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Dates: during 1940-1949
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...Associated Press took a look at the $500 million in pay raises voted by Congress and made a few rapid-fire calculations about the costs of Big Government ¶The federal payroll (including the armed services) is now over $10 billion a year...
...deficit, Truman said, could be blamed on the summer slump, which had decreased tax receipts by $3 billion. Expenditures had increased by $1.6 billion. Cuts in the defense budget and international aid were more than offset by $1.3 billion extra paid out for veterans' benefits, $800 million extra needed to bolster sagging farm prices. Another big item was the unexpectedly high burden of underwriting the mortgage market for veterans and rental housing projects. It had been budgeted at a modest $200 million; it was costing a whopping $1.3 billion-an increase...
...thorniest problems of the conference was the public debt incurred by the Dutch administration in Indonesia, which the new republic would have to take over. The Dutch had originally set the figure at 6.3 billion guilders ($1.7 billion), but the U.N. Commission on Indonesia, which hovered anxiously over The Hague talks, helped persuade the Dutch to scale down their demands to 4.3 billion ($1.1 billion). Another tough nut was the future of New Guinea, a large part of which is still held by Dutch troops. Under the compromise which Van Royen had engineered, both parties agreed to defer a decision...
...hike in the official U.S. gold price, went the argument, would give gold-holding nations a windfall profit to ease their dollar deficits. On its part, the U.S. could use the paper profit from its $24.5 billion gold hoard for loans to other nations...
...Allied Stores Inc., and leased them back to the company. Soon other colleges were buying not only real estate but commercial businesses as well. So many U.S. stores and other enterprises have sold their property to tax-exempt institutions* that the Treasury is now losing an estimated $1 billion a year in income taxes. A survey by the American Council of Education shows that about 40% of all university and college endowment funds are now invested in such private enterprises, compared to only 20% before...