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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
May 13, 1954
Page
25
A 23 year old Czech, dressed only in underwear, escaped communist rule and fled to the United States in a two engine civilian plane. He crash landed at Grafenwoehr, was unhurt apart from cold, and was taken into U S custody as officials prepared a news conference that was postponed.
Wilmington report quotes Treasury official David M. Kennedy saying the government will need about 10 billion dollars in new cash from July to December to avoid breaching the 275 billion dollar debt limit. He notes tax receipts fall in the second half of the year and a higher limit to 290 billion was previously blocked by the Senate. Kennedy says short and medium term debt has kept banks liquid and supported markets.
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