Word: congress
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Dates: during 1950-1959
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...growled House G.O.P. Leader Charles Halleck. What Indiana's Halleck was tossing between his thick political calluses was the hottest potato that the President of the U.S. had thrown him all session. The assignment: keep the House from overriding the President's veto of Congress' cherished $1.2 billion rivers and harbors bill (TIME, Sept. 7), a pork barrel packed with projects dear to the folks back home-and offensive to Ike because it called for 67 new projects not in the Administration's budget. The bill originally rolled through the House on a thunderous voice vote...
...Republican President Dwight Eisenhower, whose strong position on issues back home loomed higher and higher, even while Ike himself was off in Europe scoring a major breakthrough on foreign policy. Not since Franklin Roosevelt's heady first term had a U.S. President brought his will to bear on Congress with such effective force, and never before had a President so effectively controlled an opposition Congress. The labor reform bill that passed both houses last week (see below) would have been a far weaker measure, all partisans admitted, but for the President's well-timed radio-and-television intervention...
...going along part way after another long balk, the House voted to take off the 3.26% ceiling on savings-bond interest rates. But Congress' failure to lift the interest ceilings on other long-range U.S. Treasury bonds, the White House hinted, might call for a special session this fall. The President's surprisingly successful stand on legislative matters has thoroughly rocked Democratic leaders accustomed to using their huge majorities for give-a-little-take-a-lot compromises with the White House...
...Congress' refusal to act on the Administration's debt-management program last week continued to disrupt the market for Government and corporate securities. Even as President Eisenhower drafted a special message urging Congress to lift the 4¼% interest-rate ceiling on long-term Government bonds, the Treasury announced that it had to pay 3.824% interest on short-term (91-day) bills, the highest since the bank holiday of March...
...Unless Congress acts, the troubles of the Treasury and the money market will worsen in October and November. Then, to raise about $7 billion to finance the seasonal deficit and another $8.9 billion to meet debt coming due, the Treasury will have to go to market with more short-term issues...