Word: fund
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Dates: during 1950-1959
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...Capitol Hill from 1600 Pennsylvania Avenue last week charged House Republican Leader Charles Halleck, determined to do or die for the Eisenhower Administration's request for an additional $225 million for the Development Loan Fund. The request had been killed by the powerful House Appropriations Committee, but Halleck visited with Ohio's Republican Representative Frank Bow, a bitter-end opponent of foreign aid, persuaded him to vote with the Administration. When Halleck took his case to Michigan Republican Alvin Bentley, who had rarely voted so much as a nickel for foreign aid, Bentley said: "You may be surprised...
Whether the Federal Government will wind up in the red in fiscal 1960 also depends on what Congress does about the President's special request for $1.4 billion to meet U.S. International Monetary Fund obligations. Ike wants that $1.4 billion charged to the hopelessly unbalanced 1959 budget, some $13 billion in the red. Many Capitol Hill Democrats, led by Arkansas' Senator William Fulbright, want to list the IMF money in the 1960 budget, which would tilt it heavily out of balance. In predicting a $4.2 billion deficit in 1960, the joint committee report assumed that Fulbright & Fellows would...
Since the International Monetary Fund outlay will represent $1.4 billion in appropriations whether it is charged to 1959 or 1960, the issue might seem an empty quibble. But it is empty only if the idea of a balanced budget is itself meaningless. The President holds that a 1960 budget balance would be a highly valuable symbol of fiscal soundness, one that could shape the whole U.S. economy. If Congress shifts the IMF appropriation to 1960, it will wreck any hope of a 1960 budget balance-and will destroy the symbol...
...first two months of 1959, a time of year ordinarily considered unproductive by fund-raisers, the Program has gained $3 million. Much of this amount, Pusey said, came from additional gifts by those who had already responded generously...
...fund to establish a chair for Armenian studies--the first in the United States--has reached $250,000 of its projected $300,000 total. No one has yet been chosen to fill the chair...