Word: interests
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Dates: during 1950-1959
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...television to urge a strong bill. He immensely enjoyed going over the drafts of his speech, and he took special pleasure in trying to outfox the Democratic opposition: he deliberately inserted a statement that, since he was barred from seeking reelection, he could only be speaking in the public interest. Behind that statement was the idea of foreclosing to the opposition the free and equal network time required for answering political speeches. It was in this same spirit of paying attention to political niceties that President Eisenhower, on the eve of his departure last week, called New Hampshire...
...BOND INTEREST. Ike warned of "grave consequences" if Congress fails to heed his request for cancellation of interest-rate ceilings on long-term U.S. Government bonds so that the Treasury can float long-term bond issues and shake free of its present instability-fostering reliance on short-term bonds (see BUSINESS...
...proposals for revising the tax laws on cooperatives, depletion allowances and overseas investments, had to put them aside until next year. It took the committee months of floundering to settle on a measure to finance highway construction. Faced with President Eisenhower's request for removal of interest-rate ceilings on long-term Treasury bonds. Mills proposed three different solutions. failed to muster adequate support for any of them, wearily gave up fortnight ago and postponed any further action on the President's request for the rest of the session...
...Treasury must refinance $34 billion in the next twelve months and come to the market each week with $1,000,000,000 or more in bill offerings. Last week the interest rate that it has to pay on short-term (gi-day) bills rose to 3.4%, the highest since the fall of 1957; it may go up to 4%. What the Treasury fears most is that its dependence on short-term financing will force yields on short-term paper above yields on long-term bonds, thus attracting many investors who might ordinarily put their money in long-term securities...
...billion in May 1958 to $58 billion last month. Heavy Government financing ($13 billion deficit last year), a record volume of state and local fund-raising in the first half of 1959, and a jump in consumer credit have added to the competition for funds. Following the surge, interest rates on bank business loans in 19 major cities went from 4.17% in 1958's second half to 4.87% in June -and are expected to go higher (see chart...