Word: billioned
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Dates: during 1950-1959
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...hand that he was forced to call an abrupt halt to military procurement before the end of fiscal 1957. He also had to reduce procurement programs for 1958 to an extent that caused havoc in the airframe industry. McElroy will probably have about $2 billion more than Wilson to spend, will have that much bigger a problem in trying to control the spending...
...Administration is now resigned to the fact that it will have to ask Congress to lift the present $275 billion limit on the national debt. Increased military expenditures, decreased revenues and difficulty in cutting back nonmilitary spending have made the request all but inevitable. Said a White House aide last week: "We're right at the brink-you'll pardon the expression-of going over the debt limit. We're within a very small margin now, and have a very small cash balance." Treasury Secretary Anderson has assured congressional finance committeemen that he can hold out until...
...This ruling could be a real economic disaster for the pipeline companies." So last week said Willard W. Gatchell, general counsel for the Federal Power Commission, as the $1.8 billion-a-year natural gas pipeline industry began to feel the impact of a precedent-setting court decision. Handed down recently by the U.S. Court of Appeals for the District of Columbia, the little publicized ruling would i) greatly curtail FPC's authority to control interstate natural gas prices, and 2) give every major gas consumer the power to block a rate increase...
...Bulletin of the Association of University Professors, Harris cited an 80 per cent rise in workers' wages coupled with inflation as causes showing the need for higher pay. Since 1930, he tabulated, every professor has lost the equivalent of $42,000, for a national total approaching $6 billion...
...finance the proposed $2.5 billion pay hike, Harris suggested raising tuition, and adding government grants and private gifts. However, even these sources would cover only $1 billion of the cost, Harris said...