Word: deficit
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Dates: during 1960-1969
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...mistakes-and bowed 51 to 41 to a rather unimpressive lord Jeff five Amherst, as expected, played a very slow, deliberate, ball-control games, and employed an effective full-court press throughout the contest. The shot into an early 6 to 0 lead, and the combination of this early deficit and the Jeffs' slow-moving offense forced the Crimson to hurry their own playing...
...good. But how big should the tax cut be? The committee suggested $10 billion-which seemed unreasonably large, considering that the reduction would come on the heels of a fiscal 1963 budget deficit estimated at $7.8 billion. The committee recognized that such a cut probably would lead to "appreciable deficits in the budget in the near future," but contended that "over the longer run, it may well generate increased tax revenues...
...than the original estimates. Since Congress was still in session, Holmes asked Webb to request a supplemental appropriation for the project, which already was funded at $2.2 billion for fiscal 1963. Webb refused, apparently because he figured that asking for that much extra money might anger Congress in a deficit budget year, thereby imperiling the entire space program...
...mark, which made it 5% more expensive for foreigners to buy German goods and 5% cheaper for Germans to buy foreign goods. As a result, German imports have risen 12% in 1962, while exports have leveled off. In the first half of this year, West Germany ran a payments deficit of $92.5 million...
...That deficit would have been even greater had German exporters not pared their prices to the bone. Ruhr steelmakers have managed to hold their export customers only by charging lower prices outside the Common Market than within it. In Hamburg, the slumping shipyards glumly accept orders at below-cost prices rather than close down altogether...