Word: deficit
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Dates: during 1960-1969
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...unions to slow the wage-price cycle. Wage settlements, he said, must be reduced voluntarily from last year's 5.5% average. Where possible, extra costs must not be passed to consumers. On the international side, he urged approval of his program for reducing the balance of payments deficit...
...boost consumer spending this year. Ackley predicted that the increase in the gross national product would set a new record in the current quarter, exceeding the $18.5 billion advance in the last quarter of 1965. And as domestic inflation worsens, it becomes ever more difficult to reduce the U.S. deficit in international payments and to relieve pressure on the dollar abroad...
Mills did indicate sympathetic consideration for certain minor parts of the Administration's revenue requests -an acceleration of corporate tax payments and retention of telephone and automobile levies that were scheduled to decrease April 1-but even with these, the projected budget deficit for fiscal 1969 could be about $18 billion instead of the $8 billion targeted by the White House. After indicating these possible concessions, Mills announced that his committee would turn to other business when it reconvenes next week. He gave no hint whether or when the tax surcharge would be reconsidered. However, if mobilizing of military...
...remarkable confluence of self-interest among nations, the new policy was especially welcomed by the U.S., which has been pressing for foreign help to minimize the global impact of efforts to end its balance of payments deficit. Said Treasury Under Secretary Frederick Deming: "The Europeans have accepted the realities of the U.S. position and shown a willingness to adopt offsetting policies...
...result of the British and U.S. retrenchments. That is precisely the amount by which the reserves of the six Common Market countries rose during 1967. Thus continental Europe, which managed only a torpid 2.5% economic growth last year, is in a strong position for a shift to deficit spending, government pump priming, and measures to hold down interest rates. By such means, marks, francs and guilders would help to replace the pounds and dollars no longer available to bankroll trade and investment...