Congress Asked To Abolish Bonds Interest Ceiling
Washington AP report: The Nixon administration urged Congress to remove the interest-rate ceiling on U.S. savings bonds and let taxpayers draw interest on federal income tax refunds. Treasury Secretary George P. Shultz pitched the plan to the House Ways and Means Committee as a boost to savings and a potential check on inflationary spending.
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George P. Shultz
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Federal Reserve Board
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iBurns
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Kennedy urges end to U.S. support for South Vietnamese police
Sen Edward M Kennedy calls for scrapping U S backing of South Vietnam police and prison systems citing political prisoners and funding through AID. He also probes tax and bond policies and mentions broader fiscal proposals amid ongoing debates on Treasury rates and refunds.
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Edward M. Kennedy
D-Mass
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South Vietnam
Kennedy
Senate
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Agency For International Development
Robbery at People's National Bank in Houston
An unmasked gunman robbed the People's National Bank in northeast Houston of an undetermined amount of cash. Vice president Mike Rumore said the robber displayed a revolver, forced a teller to fill a paper sack with large bills, and fled in a blue car.
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Houston
People’s National Bank
Mike Rumore
Rumore
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