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Blackmail Threats Drive Debt Limit Debate in Congress
Washington reports said Republicans and Democrats clashed over raising the debt limit amid threats of budget restraints and possible cancelations of government contracts. President Kennedy favors an $8 billion boost and a broader budget plan, while opponents warn of blackmail and fiscal tightening. Ford accused a Defense official of pressuring Chrysler and Michigan Republicans threatened by the issue.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Williap
Kennedy
Mosif
Congress
House
Senate
Wab
Department of Urilic
Blackmeil
Ford
Michigan
Defense Department
Gerald R. Ford
R-Mich
Defensa Department
G. Brown
Steves
U.S. Am
Fordbassador
Caid