Word: foreign-aid
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...FOREIGN-AID PLANNERS under FOA Director Harold Stassen are working overtime on three economic ideas for Southeast Asia. FOA wants to set up 1) a currency-clearing union backed by $1 billion in U.S. funds, to help settle payment accounts between Asiatic nations; 2) a U.S.-financed rice bank to store surplus rice against famine years; and 3) a series of U.S.-sponsored barter deals by which Asiatic countries can trade more of their raw materials for manufactured goods...
Behind closed doors, the committee met to vote on an amendment to the foreign-aid bill offered by Majority Leader William Knowland. The amendment called for drastic action: it would cut off military aid to France and Italy on Dec. 31 unless they ratified EDC or agreed with other NATO powers on a satisfactory substitute. New Jersey's Republican Senator H. Alexander Smith, acting as chairman, was sure that the committee would approve Knowland's proposal. Then Smith checked with Secretary Dulles...
Looking ahead last winter, Speaker Joe Martin had predicted that foreign aid would run into stormy weather when it reached the House. He was right. But last week the biggest men in the House, on both sides of the aisle, joined forces to push the Eisenhower Administration's foreign-aid bill through...
...special pleading of most such documents, Senators and shipowners were loud in their praise of Murray's objective review. They seemed doubly pleased that he disagreed with Randall Committee recommendations and strongly supported the present cargo-preference law, which requires that at least 50% of U.S.-financed foreign-aid shipments be carried in U.S. ships...
...shortly before the MSA appropriation was to be voted on last May. "That group for the most part stood like rocks when the vote came up in the House," says Morton. "They told me afterwards, many of them, that they had no intention of supporting the Administration's foreign-aid program until they heard Dulles explain...