Word: billioned
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Dates: during 1950-1959
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...Administration, Dwight Eisenhower built up a remarkable record of making his vetoes stick: of his first 143 vetoes. Congress failed to override a single one. Last week, just before he took off for Europe, the President jeopardized his perfect record with Veto No. 144. Turned down: the lardy, $1.2 billion public works bill, more popularly called "the pork-barrel bill." Objected Ike in his veto message: the bill included 67 new projects not listed in his budget. These projects would add only $50 million to outlays in the current budget, but "their ultimate cost wall be more than $800 million...
HOUSING. Risking a veto, the House passed and sent to the White House a $1 billion housing bill, slimmed down from the $1.4 billion housing bill that the President vetoed last July, but still a lot fatter than he wanted. Ike sent Congress a message bluntly announcing that Housing Bill No. 2 had some "seriously objectionable" features. Some Capitol Hill Republicans predicted that Ike would veto the bill, even though it passed by more than the two-thirds majority needed to override a veto: 283 to 105 in the House, 71 to 24 in the Senate...
Counting the big bites and the small nibbles of last year together, U.S. taxpayers paid $98.3 billion in federal, state and local taxes, the Commerce Department reported last week. That came to $568 for each man, woman and child in the country. Even so, outstanding federal, state and local government debts kept right on climbing, reached the dizzying total of $334 billion-$1,930 for each person...
...heavy is total U.S. investment in Canada ($4.2 billion in the past five years) that it now equals almost half the gross national product. Canadians rejoice in the boom that the money brings-but they are increasingly uneasy about the implications. CAN WE SURVIVE u.s. INVESTMENT? asked a recent headline in Toronto's Financial Post, Canada's most influential business newspaper...
...same time, banks find themselves with relatively less money to lend. In the nation's mutual savings banks, total deposits rose $585 million in the first six months this year to $34.6 billion -but the growth during the same period last year was $1.3 billion. Instead of putting and keeping their money in savings accounts, people are attracted by higher returns in the stock market or Government bonds. The rate of growth of time deposits has been falling off because corporations, state and local governments, and foreign depositors can now get nearly 3½% on a 91-day Treasury...