Toward 600 Billion Economy Faces Slow Rebound
The President's Council reports 1962 first quarter output at a record annual rate of 588.5 billion dollars as signs of a rebound emerge from the recession. Yet officials warn the pickup could affect Kennedy's 11 billion tax cut proposal, noted by council member Gardner Ackley.
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Drought Eased by Downpour Across Wide Areas
Autumn storm belts spread relief as showers and thunderstorms hit the central and northern United States, easing drought in some regions while wrecking forests and sparking fires. Heavy rain drenched the Pacific coast with storms in Minnesota and Wisconsin, gusty winds, and a six hour deluge around Port Angeles and Astoria.
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