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Senate OK to Sell U S Held Loans Under LBJ Plan
The Senate approved to President Johnson a bill allowing sales of participations in government held loans to private investors from a $10.9 billion pool. The 50-20 vote largely followed party lines after House amendments. Treasury aims to market $4.2 billion in fiscal 1967, and supporters say the plan will trim the deficit from about $6 billion to roughly $3.5-4 billion. Senator Williams criticized the move as selling government assets to cut the deficit.
MENTIONED IN THIS ARTICLE
Washington
Senate
John
The
Treasury
John‘son
John J. Williams
R-Del
Williams
Johnson
Edmund S. Muskie
iMc
Delaware
Dwight D. Eisenhower
Dellaware
Eisenhower
Muskie