Word: fund
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Dates: during 1950-1959
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Committee Approves Missile Fund...
Missiles & Planes. Defense expenditures of $39.8 billion account for a whacking 54% of the budget. Atop that, the budget includes a $500 million defense contingency fund, to be spent as the President sees fit, so the real defense total is $40.3 billion, up $2.7 billion from the pre-Sputnik level. Missile procurement is listed for $600 million more, but aircraft procurement for $600 million less. Also up: nuclear submarines, research and development, construction of Strategic Air Command bases...
...Press Secretary Jim Hagerty's announcement that President Eisenhower might possibly cancel longstanding plans to speak at a Republican congressional campaign fund-raising dinner in Chicago next week (the fifth anniversary of his first inauguration) started a storm of cries from the G.O.P. National Committee. The Chicago affair was a near sellout with Ike's name on the billboard, and his thought-of cancellation seemed to confirm the suspicions of discouraged Midwest Republicans that Ike does not care much about the party's peril in this year's congressional elections. After the complaints deluged the White...
SOVIET ECONOMIC offensive may cause U.S. to trim interest rates on foreign loans drawn from new $300 million Development Loan Fund (TIME, Sept. 30). Administration is considering reduction of its 3%-to-4% charges to match Reds' rates...
...contributions to the Program for Harvard College, whose goal is to raise $15 million for needed Library expansion, were made by George D. Widener and Mrs. Widener Dixon. Each donated $250,000 toward the fund, and the remaining $200,000 was given by Mrs. Anson A. Bigelow...