Word: debt
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Dates: during 1950-1959
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...worried that the unprecedented non-Government demand for long-term money, added to the Treasury's huge needs, might soon outrun the supply. But by all signs last week, there was no cause to worry. Investors bought more than $400 million worth of private and local debt issues, one of the largest single week's totals on record...
...Register of the Treasury, Savannah Banker Louis B. Toomer, 60, a Negro. Said Toomer, who will direct the work of 3,000 employees auditing the public debt and checking off paid-up securities: "This shows what the G.O.P. thinks of the Negroes, compared with what the Democrats thought...
Humphrey hedged his predictions to cover unforeseen changes in the national or international situation. He warned, too, that congressional refusal to raise the $275 billion national debt limit (TIME, Aug. 10) left the Treasury "too little headroom for safety." (Last week the national debt stood at $273 billion.) But, barring emergencies, he thought the Administration could squeak through until January without calling Congress to raise the debt limit. And he had high hopes that income and outgo would finally balance by the time fiscal 1955 begins next July...
Twenty-eight months of Mossadegh had left Iran a mendicant, left its finances $544 million in the hole, inflated its prices perilously, and set the country running into debt at the rate of $5,000,000 monthly. Iran needs $200 million in the next two years, $10 million forthwith...
Humphrey's hope of getting more of the U.S. debt into long-term bonds is being still further deferred by relentless facts. Last week he faced the problem of refunding $8 billion of maturing World War II bonds, which were fairly long-term (ten years). To refinance them on a long-term basis would cost prohibitive interest rates. Instead, Humphrey announced he would offer the holders a choice of one-year certificates at 2#&8541;%, or 3½-year Treasury notes at 2#&8542;%. That is short-term, and it is the highest interest the Government has ever...