Word: dillons
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Dates: during 1960-1969
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Just before De Gaulle spoke, Treasury Secretary Douglas Dillon made the first public admission that the U.S. payments deficit in 1964 moved higher than anyone had expected. It totaled about $3 billion, all of which the U.S. is legally committed to exchange for U.S. gold on demand. The Federal Reserve announced that the U.S. gold supply declined last week by $100 million, to a 26-year low of $15.1 billion...
Martin, Douglas Dillon and Budget Director Kermit Gordon are lobbying for measures that would drastically affect the nation's foreign and domestic policies. Among the proposals that one or all three of them have forwarded: an exit tag of $50 or $100 per person to discourage tourism abroad, direct controls on U.S. investments abroad, a further cutback in foreign aid and, if necessary, a sharp reduction of U.S. troop strength in Europe. These proposals have been hotly debated at a series of secret meetings in the White House. The State Department is dead set against foreign aid cuts...
...walked across the river to Dillon and started getting taped. The team was silent, but not frighteningly so; the rock 'n' roll blared on the radio as Jack Fadden and his staff covered almost everyone's legs with tape...
...President presumably will soon be making his third Cabinet appointment (after Commerce Secretary Connor and Katzenbach). Treasury Secretary Douglas Dillon last week told newsmen that he would not be around to shepherd the new excise-tax reduction bill through Congress, and thus confirmed longstanding rumors that he would leave the Administration within a few months. The man most often mentioned for the job: American Electric Power Co. President Donald Cook (TIME, Sept. 11), who was once Senator Lyndon Johnson's counsel on the Senate Preparedness Subcommittee. Said Johnson then: "He's rough, but he's fair...
...skillful administrator. Ackley now talks with the President at least three times daily, sends him a daily stream of communications, meets regularly with Cabinet members. He has been helping to cull the 15 presidential task-force reports for legislative recommendations, also serves with Treasury Secretary Douglas Dillon and Budget Director Kermit Gordon on the troika that advises Johnson on fiscal policy...