United States cut aid to Peru over civilian government return
The United States announced a cutoff of aid to Peru except for minor humanitarian help to pressure the military rulers in Lima toward a prompt restoration of civilian democratic government. President Kennedy said he was concerned, aiming to protect democracy in Latin America and deter spread of dictatorship and communist influence.
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Budget deficit smaller but not decisive for tax cut
Washington AP reports the 1962 budget deficit ended at 6.3 billion, $7.0 billion estimated in January. Defense and foreign programs spent less while revenues lagged, prompting mixed House reaction and views that the improvement won’t trigger an immediate tax cut.
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