Seeks Extension of Excess Profit Tax in Minutes
Lawmakers debate extending the excess profits tax as Reed signals possible bypass of committees on key tax questions. Eisenhower officials and Taft hint at broader tax structure study ahead of March 31 expirations. Air Force strength and defense spending commitments dominate discussions with Saltonstall and Short outlining budget plans.
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Floods Hit Dixie Coast as Louisiana Faces Record Rain
Heavy winds and rain struck the Freeport gulf coast area as floods threatened the Sabine Neches and Brazos rivers. Louisiana rivers overflowed, 250 families evacuated around Natchitoches with 100 more planned to leave today. Schools closed, highways under water, bridge washouts halted traffic. Two children drowned near La Beau and a man near Red River died while cattle roundups. widespread cattle stampedes reported. Over 11 inches of rain fell in a 36 hour period amid ongoing flood warnings and disaster relief efforts.
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Neches
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