Federal Debt Hiked By Interest Increase
The article discusses rising federal debt payments as interest rates climb, with Treasury borrowing costs increasing and projections for a higher fiscal year burden. Experts warn of inflationary pressures and the need for tax measures, noting the impact on public finances and the economy.
MENTIONED IN THIS ARTICLE
Washington
Arthur M Okun
Origi
Council of Economic Advisers
Treasury
Congress
Treasury Securities
Johnson
Fed
Okun
White House
Federal Reserve
Cial Security Trust Fund
ac/Okim
Plaid
Treasury Department
Spock's Vow In Testimony and Fiscal Tangles
In a Manhattan hearing, Spock and four others face questions tied to finances and policy as the Treasury borrows about 2.7 billion weekly to fund federal debt. An FBI interview referenced ongoing probes and charges aimed at the Justice Department's actions amid fiscal strains in December 1967.
MENTIONED IN THIS ARTICLE
Boston
Benja
Spock
Treasury
Vietnam
FDI
FBI Special
George McKenna
Andl
Manhattan
United States
Rescue Efforts Focus on Submarine Bell System Depths
Navy officials describe a rescue bell and ascent gear used to lift trapped submariners from depths to surface. The Scorpion disaster prompted testing of 1939 equipment with plans for advanced subs capable of reaching 3,500 feet by 1970. Admiral Moorer warned depths beyond the continental shelf may seal the sub’s fate.
MENTIONED IN THIS ARTICLE
Washington
Navy
Nicholson
William M. Nicholson
Deen
Adm
Thomas H. Moorer
Naval Operations
McKenna
FBI
Spock
Whitehall Street
New York City
Tee
Nichols
Con
Tively
Norfolk
Moorer
Azores
Yale Students Stand Trial With Noted Defendants
On trial are Chaplain William Sloane Coffin Jr 43 New York writer and teacher Marcus Raskin 33 Washington researcher Mitchell Goodman 44 and Harvard graduate student Michael Ferber 23. They face five year prison terms and 10000 dollar fines if convicted.
Scorpion Mystery Repeats in Six Month Ocean Tragedies
A historical report recounts a string of submarine disasters from 1939 to 1963, noting the Squalus and Thresher incidents among 330 lives lost. It highlights repeated unsolved submarine disappearances and safety gaps in naval history.
MENTIONED IN THIS ARTICLE
Associated Press
Shire Coast
Cyprus
Dakars
Cape Cod
Mass
Minerve
U.S
Tourbell
Navy
Pion
Mediterranean
Divina
Ivalve
Thames Estuary
Squalus
Trish Sea
Phenix
Indochina
Navy wasted millions on excess nonstandard aircraft parts
GAO reports the Navy produced about 21 000 types and 40 000 parts worth nearly 6 million dollars at four Naval Air Stations. Excess parts were sold for pennies. the Navy cites unreliable demand forecasts and promises tighter standardization and usage tracking to curb waste. The probe covers Quonset Point Jacksonville North Island and Alameda with parts manufactured 1962–1964 and disposed of within 270 days.
MENTIONED IN THIS ARTICLE
Washington
Navy
Naval Air Stations
General Accounting Office
GAO
Congress
Provincetown
Block Island
R.L
Quonset Pout
R.I
Jacksonville
Fla
North Island
Calif
Alameda
Quantico, Va
Cpl
Stanley J
Luczko
Marine Corps
Also Mentioned on This Page
MTT
Tremuelan Es
Roject
New Hampshire
Acnia
J. C. McConnell
Christian
Odessa Savings & Loan Association
7Th
N. Texas
Peunie
Jae Cout
Forcedau
Shawnimere
Friese
Iain
Pioneer Natural Gas Company
Dakar
Haifé
Portsmouth
England
IGAQ
Suuiex
Edoer
Maine
Ahan
Honomin Harbor
Frank J. McGee Jr
Gardner
da Nang
South Vietnam
Naval Board of Review
McGee
J. L. Zorack
Zorack
Bilie Don Eakins
Thce
Zoreck
Eakins
Pfc
David Michael Moore
Casper, Wyo
Laczko. Ottas
Moore
Andrews Hwy
Grandview
Amondina
Deva
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