Word: deficit
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Dates: during 1960-1969
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...BUDGET. Treasury Secretary Douglas Dillon audited the Eisenhower budget for the fiscal year ending in June, predicted a billion-dollar deficit instead of Ike's hoped-for $79 million surplus. Most of the shrinkage, said Dillon, comes from dwindling tax receipts in a worsening economic climate...
TARIFFS. In his message to Congress on the balance-of-payments deficit, the President warned that "a return to protectionism is not a solution." In a loud hint to tariff raisers, Kennedy later refused to increase duties on imported twine and cordage. As a Senator from the twine-producing state of Massachusetts, Kennedy had testified in favor of higher cordage tariffs before the Office of Defense Mobilization...
...than a minute later, Dean Alpine gave Crimson hopes their biggest lift of the rest of the evening, poking in the puck after a pile up in front of B.C.'s cage, ingalls and Heintzman had assists on the play. The goal pulled Harvard up to a 3-2 deficit...
...long or hard, will not call for a drastic easing of credit or a sizable drop in interest rates. In 1960's fourth quarter, the stepped-up flow abroad of short-term capital in search of higher interest rates helped run 1960's balance-of -payments deficit up to $3.8 billion v. the $3.2 billion predicted...
...thus a pity that Germany's aid offer is niggardly and selfish, for generous assistance at this point would allay their worries about estrangement from Kennedy. Germany had a two billion dollar surplus in its balance of payments last year, compared with America's $3,800,000 deficit. Yet all but ten million of the billion dollar aid offer German officials have billed "generous" is earmarked for pre-payment on arms purchases and loans from the U.S. which Germany would have spent the money on anyway...