Word: budgeting
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Dates: during 1940-1949
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...appeared beauteous Mrs. Jeanne Bolen, mother of three and wife of a Washington letter carrier. In a few brief minutes of testimony, she showed the Senators what inflation is doing to all people on fixed salaries. She reported that even though she does all her own housework, her annual budget adds up to $3,274.71, including $49 for her husband's work shoes, but nothing for recreation or emergencies. Yet Mr. Bolen makes only $3,100 a year. Added Mrs. Bolen: "One of the boys asked for a pound of butter for Christmas. He didn...
...before the story went to press Washington Bureau Reporter Marshall Berger was handed a query ("The longest I had ever seen") from Business & Finance. To get the answers, Berger began seeing specialists in the departments of Commerce, Labor, Agriculture, Treasury, at the Federal Reserve Board, the Bureau of the Budget, the Brookings Institution, the Council of Economic Advisors. All were busy with their own year-end affairs, but they obligingly took time out to help TIME...
Swing to the Left. This week the President tried to answer that question with his budget message for fiscal 1949. With an expected federal income of $44.5 billion, the President recommended expenditures of $39.7 billion (up $1.9 billion over last year). Major items: $11 billion for defense, $7 billion for international commitments, $6 billion for veterans, $5 billion for interest on the debt. Also included in the proposed expenditures was a $1.3 billion chunk to start the wheels rolling on the new domestic legislation the President had proposed. The expected $4.8 billion surplus, said Harry Truman firmly, should be used...
This was revolt, almost. Premier Schuman, beset from left & right, knew that his government could not survive a sustained revolt of the bourgeoisie. Conferences were quickly arranged between Gingembre and Finance Minister Mayer. M. Schuman announced that the government would try to cut the budget...
First, the Weather Bureau's research budget (now a skimpy $200,000 a year) needed a hefty boost. With about $10 million, Chief Forecaster Francis W. Reichelderfer figured that the bureau could give storm and snow clouds a deeper plumbing, learn a lot more about the mysteries of the upper air, and develop advanced radar storm detectors. The bureau also needed an electronic computer that would allow its statisticians to give more time to careful analyses of weather data. With such new knowledge and mechanical aids, Reichelderfer felt certain that the bureau's predictions would be nearer...