Word: billioned
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...keeping with the nation's mood, Administration officials are talking behind the scenes about the heady possibility of a big surplus in the President's next budget, perhaps $6 billion or even more -in contrast with the $12.6 billion deficit piled up in just-ended fiscal 1959 and the skimpy $100 million surplus estimated in the fiscal-1960 budget. As Administration economists and budgetmakers see it, spending in fiscal 1961 will creep up to about $80 billion from the current year's $77.5 billion, but the soaring economy may produce revenues as high as $86 billion...
...Johnson proposed to build upon it "a bold housing program" suitable to the big-spending tastes of his party's enlarged liberal wing. He gave it top priority when the 86th Congress convened in January, threw aside the President's modest request for a six-year, $1.6 billion program, hammered a $2.6 billion plan through the Senate by early February. Then Dwight Eisenhower's budget battle began to take hold, and the companion House bill, delayed until mid-May, was cut to $2.1 billion. Most of the House cuts were kept in Senate-House conference...
...renewal outlays coupled with a cut in the share borne by local governments, a brand-new direct loan scheme to build homes for the aged, subsidized loans to build college classrooms, looser requirements on certain classes of FHA loans. In sum, the bill carried an "inflationary" total of $2.2 billion spending obligations telescoped into two years, which, the President wrote, would "drive private credit from areas where it is urgently needed," and damage an industry now abuilding at near record levels...
Wherever they looked, Government economists saw almost breathtaking change. Personal income jumped $29 billion over the second quarter of 1958 to an annual rate of $380 billion, a new high. Industrial output rose 22 percentage points over June 1958, to 154% of the 1947-49 averages. As consumers opened their purses, retail trade in the first six months jumped $7.5 billion to a new high of $102.5 billion. In the process, it gave a long-delayed boost to many an industry that earlier watched the parade of recovery go by. TV setmakers, for example, expected 1959 shipments to exceed...
...FORTUNE'S" NEW LIST of the 500 biggest U.S. industrial corporations in 1958 showed some changes in the top ten. Chrysler, which was sixth in 1957, dropped to eleventh; Bethlehem Steel, which was ninth, dropped to twelfth. Newcomers: Texaco and Western Electric. The top ten: G.M. ($9.5 billion in sales), Jersey Standard ($7.5 billion), Ford ($4.1 billion), G.E. ($4.1 billion, and up a notch from '57), U.S. Steel ($3.5 billion, down a notch), Socony Mobil Oil ($2.9 billion), Gulf Oil ($2.8 billion), Swift ($2.6 billion), Texaco ($2.3 billion), Western Electric ($2.2 billion...