Word: congress
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Dates: during 1950-1959
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...hopes for a balanced budget are doomed to red-ink disappointment. Federal income in 1960, said the report, will come to $75.8 billion instead of the $77.1 billion predicted in the President's 1960 budget. If so, a deficit of at least $1.2 billion is inescapable even if Congress votes not a nickel more for outgo than the $77 billion that Ike requested. Actual 1960 spending, the report continued, is likely to reach $80 billion-and that would mean a $4.2 billion deficit...
Whether the Federal Government will wind up in the red in fiscal 1960 also depends on what Congress does about the President's special request for $1.4 billion to meet U.S. International Monetary Fund obligations. Ike wants that $1.4 billion charged to the hopelessly unbalanced 1959 budget, some $13 billion in the red. Many Capitol Hill Democrats, led by Arkansas' Senator William Fulbright, want to list the IMF money in the 1960 budget, which would tilt it heavily out of balance. In predicting a $4.2 billion deficit in 1960, the joint committee report assumed that Fulbright & Fellows would...
...issue might seem an empty quibble. But it is empty only if the idea of a balanced budget is itself meaningless. The President holds that a 1960 budget balance would be a highly valuable symbol of fiscal soundness, one that could shape the whole U.S. economy. If Congress shifts the IMF appropriation to 1960, it will wreck any hope of a 1960 budget balance-and will destroy the symbol...
Toward week's end Nehru's daughter, Indira Gandhi, new president of the ruling Congress Party, seemed to reverse her father's earlier decision to close India's borders against refugees. Paying tribute to the Dalai Lama (who has reportedly fled Lhasa) as a "man of vision and intelligence." Nehru's daughter promised that any Tibetans fleeing to India would be "granted asylum under international...
Clutton-Brock earned the Negroes' respect and friendship when in 1957 he helped organize the Southern Rhodesia branch of the African National Congress. When congress organizers were branded "agitators," he said: "It is the duty of every citizen and Christian to be an agitator for justice, righteousness and truth...