Word: vinson
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Dates: during 1940-1949
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...first time in history, the U.S. was getting ready to lower the ceiling on its national debt. With the blessing of Treasury Secretary Fred Vinson, the Senate Finance Committee sent up a bill to reduce the limit from $300 to $275 billion.* Crowed billion-pinching Senator Harry Byrd, watchdog of U.S. finances: "A concrete step toward the end of deficit financing...
...Treasury Secretary Fred Vinson has long fought any change in the Government's inflationary policies in general, the preferential discount rate in particular. He feared that a change would pull one of the props out of the Government bond market and raise the short-term cost of Government financing. The Federal Reserve Board convinced him that it would not (although prices of Government bonds dropped last week). So, in effect, the board has finally taken a small step towards shaping its policies for the needs of peace...
...Republocrat line: Senators Josiah Bailey (North Carolina), Harry F. Byrd (Virginia), Peter G. Gerry (Rhode Island), Pat McCarran (Nevada), W. Lee O'Daniel (Texas), David I. Walsh (Massachusetts) ; Representatives Fritz Lanham (Texas), Carter Manasco (Alabama), John Rankin (Mississippi), Howard Smith (Virginia), Hatton W. Sumners (Texas), Carl Vinson (Georgia...
...along streets of the Loop to watch the President's party drive to Michigan Boulevard's Blackstone Hotel. There were some cheers as smiling Harry Truman's car passed. For the car behind his, carrying General Dwight Eisenhower, Admiral William D. Leahy and Treasury Secretary Fred Vinson, there were prolonged huzzahs...
After October 15, Vinson would give the President authority to call for inductions if the services were unable to meet their requirements...