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This newspaper page contains 2 articles. Subscribers can read the full text of each article.
Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Dec 09, 1965
Page
12
The Fed raises the basic rate to 4.2 percent and banks lift prime rates to 5 percent. Analysts debate impact on family budgets and business costs, noting most loans already exceed 4.2 percent and that interest deductibility reduces after tax costs. Effects may be limited but higher costs could influence spending and investment decisions.
President Johnson moves toward broader input from the Joint Chiefs of Staff on defense budget decisions as McNamara Rusk and Vance briefed. Johnson’s ranch talks focused on manpower weapons and money needed for Viet Nam and national security. Reports say the chiefs will present views on essential military programs and borrowing costs.
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