Word: borrowings
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...Allow the President to borrow $7.3 billion from the Treasury in the next five years and use $1.5 billion of the money being repaid the U.S. by countries who got loans under the Marshall Plan. Rusk termed this long-range financing, something President Eisenhower had also sought, "the heart of the new program...
...with the $50 discount in effect boosting the yield to the investor to more than 4¼%. Since bond yields in this year's easy-money market are down to about 3%, the Administration's maneuver was primarily designed to make it easier for the Government to borrow in future tight-money periods...
MARK REVALUATION is failing to stop the flow of gold and currency into West Germany. In the week ended April 7, reserves jumped $172,500,000 to a record $8 billion. Reason: to circumvent Bonn's tight-money policy and hedge against further revaluation, German businessmen now borrow funds from abroad...
...Congressional authorization for the new agency to borrow from the Treasury up to $7.3 billion in loan funds over the next five years. This would enable it to make long-term aid commitments instead of coming to Congress each year to get programs approved. "Uneven and undependable short-term financing has weakened the incentive for the long-term planning and self-help by the recipient nations that are essential to serious economic development...
...children). The schools charge no tuition, but collect money according to means. Poor parishioners with many children may give nothing at all. For building loans. O'Hara set up an archdiocesan "central bank.'' Rich parishes put up the cash at going interest rates; poor ones borrow it. with archdiocesan help if necessary. The only reason that Philadelphia's Catholics want federal aid is "on principle"-and to match any advantage that public schools...