Word: fiscality
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Dates: during 1950-1959
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...case for the public to judge. But Joint Committee members considered the evidence so overwhelming that they found the Administration stand "a great mystery," as Washington's Democratic Senator Henry M. ("Scoop") Jackson put it. Actually, there was no mystery: faced with an embarrassingly huge deficit in fiscal 1959, the Budget Bureau wanted to postpone a third reactor until the need was unmistakably obvious...
Last week the nation's outlay for medical research was sure of a gentle uplift from Congress, possibly much more. As against a total of $211 million for NIH ($153 million of it for research) in the fiscal year ended June 30, the House voted $219 million for NIH, while the Senate's bill called for an Everest ascent to $321 million. At week's end House-Senate conferees were deadlocked, decided to take a two-week breather. But if the Senate prevailed over the House-even so far as to win a split-the-difference agreement...
...Department was busy last week on a program that every businessman and Congressman could support. The aims: 1) get other countries to shoulder more of the development burden now borne by U.S. foreign aid; 2) shift from giveaway aid programs to revolving loans; 3) encourage private investment and sound fiscal and monetary policies in countries that now dissipate U.S. help by bad housekeeping...
...fund. Since the German mark is as sound as the dollar, an increase in the German quota would greatly reduce pressure on the fund's U.S. dollars. The U.S. also wants a stronger fund, able to swing a bigger stick to force its members to keep their fiscal houses in order. This would take much of the heat off the U.S. which often has to perform this disagreeable job when considering foreign loans...
Brazil is a case in point. Brazil got into a fiscal mess with inflationary policies, and did little to reform because officials thought they could always count on the U.S. Export-Import Bank for loans. Eventually, after 63 authorized loans totaling $656 million, Brazil had to go to the Monetary Fund. There a coolly competent professional international staff delivered a stern lecture, exacted a promise of reform, gave a small drawing account of $37.5 million in the hope that Brazil would go and sin no more. If Brazil had had to take this lecture from the U.S., the howl...