Dillon Urges Swift Action To Stem U S Absense
Washington Treasury Secretary Douglas Dillon told the House Ways and Means Committee there is a compelling need for swift action to stem the outflow of U S dollars. He urged early enactment of President Kennedy s equalization tax on foreign securities sold in U S markets as part of measures to reduce a mounting payments deficit. The hearing began as Dillon cited a six month deficit rate well over 4 billion annually with tentative July improvement. The tax would apply to long term securities over three years from industrialized countries and would run through 1965.
MENTIONED IN THIS ARTICLE
Washington
Apt
Treasury
Douglas Dillon
Congress
U.S
Dillon
Kennedy
House
Ways and Means Committee
Treasury Department
Kennedy Pleads for Foreign Aid Plan in Debates Opens
President Kennedy urged passage of his foreign aid program as House debate opens on the large measure. He pressed civil rights and tax cut bills, warning against weakening foreign policy, while observers predicted a close vote on the 108.1 billion aid package and potential amendments including blocking a huge Indian steel mill project. The president noted continued Soviet troop presence in Cuba and urged Congress to act this year on civil rights and tax reform.
MENTIONED IN THIS ARTICLE
Washington
Kennedy
House
U. S
India
Cuba
United States
Allance
Asia
China
Korea
Taiwan
Pakistan
Iran
Turkey
Greece
Thomas E. Morgan
D-Pa
House Foreign Affairs Committee
Morgan
E. Ross Adair
R-Ind
Congress
News Con
Senate approves short term debt ceiling extension
Washington AP says the Senate passed legislation confirming a 3309 billion debt limit until November 40 and sent the bill to the White House for signature. The measure drew criticism of Kennedy administration spending and a protest by Sen. John J. Williams that short term ceilings are an irresponsible finance method.
MENTIONED IN THIS ARTICLE
Washington
Senate
Congressional
John J. Williams
R-Del
MacArthur Says He Was Informed of Atom Bomb 10 Days Before
New York AP Gen Douglas MacArthur disclosed he learned of the atom bomb's existence only 10 days before Hiroshima. He said he had no part in the decision to drop the weapon and did not indicate whether he approved its use. MacArthur, 83, said he wrote a 200000 word memoir in six months and Life bought all rights including film and TV.
MENTIONED IN THIS ARTICLE
New York
Douglas MacArthur
Hiroshima
Pacific
MacArthur
Life
Steel Owners and Labor Seek Action on Steel Dumping
United Steelworkers president David J. McDonald and U.S. Steel board chairman Blough met with President Kennedy for about 30 minutes to press concerns over foreign steel unloaded in the United States at prices well below those in foreign markets. Both men condemned the dumping practice and said the president was familiar with the issue and showed interest.
MENTIONED IN THIS ARTICLE
Washington
UPL
Kennedy
United Steelworkers
David J. McDonald
Tozer
Blough
U.S. Steel Corp
McDonald
America
Gilpatric Defends Test Ban As Not Reducing Defense
Deputy Defense Secretary Roswell Gilpatric urged Congress to restore $437 million in defense funding cut by the House, arguing the nuclear test ban treaty is not a small step and does not ease U S defense. He warned of ongoing threats in Asia and stressed urgent needs in missiles reconnaissance aircraft and other equipment to meet national security goals.
MENTIONED IN THIS ARTICLE
Washington
Roswell L. Gilpatric
Senate Appropriations Committee
U. S
House
Gilpatric
America
Asia
Cilpatric
Pentagon
Congress
McNamara
Moscow
Senate
Presbyterians Sell Washington Church
The National Presbyterian Church that hosted former President Eisenhower will be sold for 2 575 000 dollars. The church sits at Connecticut Ave and 18th St NW and will relocate to 4300 Massachusetts Ave NW.
MENTIONED IN THIS ARTICLE
Wasitington
National Presbyterian Church
Dwight D. Eisenhower
Connecticcut Ave
18Th St. N. W
Massachusetts Ave. NW
Also Mentioned on This Page
Southwick
House of Walsh
Williamstown, Mass
IBM
Albany Business College
Washington Ave
Albany
Berkshire Eagle
UPI
Edwards
Martin Bros
North Street
St. Joseph's
Athet
Hiot Aymontt
Lee
Tak Roubeless
Sears
Ash Sour Allstate
Mark
J.F.K
Defense
Presbyterians
Washington Church
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