Johnson May Seek Move to Lift Gold Cover in State of the Union
President Johnson may ask Congress to drop the gold cover backing the dollar in his State of the Union message this week, a move aimed at signaling readiness to defend the dollar with the nation’s gold stock and reflecting a broader balance of payments program. Officials say timing is uncertain, with discussions tied to cuts in overseas dollar drain and potential tax changes.
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Romney Outlines Vietnam Peace Plan At Keene Speech
Gov. George Romney of Michigan proposes a Vietnam settlement via guaranteed neutralization. He says Southeast Asia would be removed from East West rivalry and focused on economic and social development, with involved countries barred from alliances or bases. He spoke in Keene after addressing the Laconia Chamber of Commerce.
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