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Eisenhower Signs Economic Rescue Bill for Purchases
President Eisenhower Thursday signed a bill to boost the economy by allowing federal agencies to make advance purchases before the new fiscal year starts July 1. The measure caps advance buying at 840 million dollars or 30 percent of planned 1959 purchases, with House Appropriations Committee estimating under 200 million spent before July 1. Congress approved the bill amid skepticism on its effectiveness, calling it a proposal to stimulate business and employment but unlikely to go far.
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Eisenhower
House Appropriations Committee
Congress
Appropriations Committee