Word: fowlers
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Only hours after the British decision to devalue was made known, Treasury Secretary Henry Fowler personally called on House Ways and Means Committee Chairman Wilbur Mills. The Administration, said Fowler, wanted to present a new proposal to Mills's committee concerning reductions in federal spending. What Fowler did not say, but plainly implied, was that those cutbacks represented the price that the President is now willing to pay to get his tax boost...
Arctic Frost. A few months earlier Mills might have welcomed the call from Fowler. Now he received it with arctic coolness; in fact, he had not met with both Fowler and the President since August. Mills has been insisting that a tax increase has to be matched by a decrease in expenditures. The Administration resisted, fearing that a cut of the magnitude demanded by Mills would gut federal welfare programs. One list of economies that was proposed would have eliminated vaccinations for children, and another would have slashed the school lunch and milk programs-proposals the Administration well knew would...
Dollar for Dollar. At Fowler's request, Mills scheduled a committee meeting with top Administration officials. But he immediately departed for an unhurried fence-mending trip to Arkansas, setting the date for the conference a leisurely ten days later, and then delaying it by still another day.* When the committee finally does convene this week, the Administration is expected to offer what White House Press Secretary George Christian described as a dollar for dollar deal. That is, for every dollar brought in by a surcharge on personal and corporate income taxes, the Administration would agree...
...readiness to defend the dollar, the Federal Reserve Board raised its basic interest rate from 4% to 4½%, and major commercial banks seized the occasion to lift their own minimum charge for borrowing from 5?% to 6%. Watching the minimal extent of the fallout, Treasury Secretary Henry Fowler pronounced himself "very encouraged" over the dollar's performance against the resulting speculative pressure in foreign exchange markets. The biggest effect-accompanied by some temporary alarums-came in the gold market. Speculators poured buy orders into the eight-nation London gold pool. In a few hours, they snapped...
...Straitjacket. Though Treasury and Federal Reserve officials deny that any such straitjacket is seriously being considered, private economists back from Washington briefings nevertheless insist that it is. Treasury Secretary Henry Fowler, they say, has been threatening that the Administration will seek authority for all types of controls if Congress spurns a tax increase...