Word: billion
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Dates: during 1950-1959
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President Eisenhower tore straight into the gathering battle over his newly offered balanced budget for 1960. Those who complained about the $77 billion budget, said Ike with rare punch at his press conference, are affected by "what might be called budgetary schizophrenia . . . They are on all sides...
...battle to lead was by no means one-sided. President Eisenhower was in full charge of the budget fracas. And to head off a Democratic school-aid bill that would cost about $11.5 billion over the next four years, the White House was readying its own federal-aid-to-education program, aimed at helping needy school districts mainly by loans and grants...
...boating enthusiasts queued up for two blocks in a winter rain last week for the opening of the 49th National Motor Boat Show. Eying the crowd's ardor and remembering the sales figures from last year, exhibitors glowed with optimism. Despite the recession, Americans spent a record $2.1 billion on boating in 1958, and the nation's fun fleet grew to 7,330,000 boats-one for every seven families. With the number of active U.S. yachtsmen expanding by 2,000,000 a year (total: 37 million), the industry expects a 10% rise in outboard sales...
Since then, McDonnell has come along fast. From a strictly Navy supplier, the company became a pillar of the Air Force with $1.2 billion worth of orders for its burly F101 Voodoo jet, a plane fast (1,200 m.p.h.) and versatile enough to perform every job from tactical A-bomber to all-weather interceptor. McDonnell went into missiles and helicopters, landed an $8,000,000 contract for its XV1 convertiplane, another $45 million for its high-speed Quail bomber decoy drone. Latest project: the supersonic (Mach 2 plus) F4H fighter, which beat out Chance Vought's F8U3 Crusader...
DEBT-CEILING RISE, above "temporary" limit of $288 billion, will be requested of Congress again this year, Treasury Secretary Anderson says. President expects debt will swell to $285 billion at year's end, and "there will be a substantial temporary increase during the year," which will necessitate rise in ceiling...