Korea Peace by Christmas Hopes Amid Korea War Talks
The nation holds hope for a Christmas peace as negotiators near a cease fire line in Korea. If final armistice issues are settled within 30 days, a buffer could be set, but delay tactics from the Communists threaten the timeline. The war's toll reaches 100,176 American casualties as disarmament talks stall. President Truman tightens sanctions on the Soviet bloc and Europe eyes strengthened defenses under Eisenhower. The Census notes fewer but larger farms, and a new gambling tax may hit many small-town shops.
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Dwight Eisenhower
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National Debt Nearing 275 Billion Dollar Limit
The United States faces a rising national debt with projections the debt will exceed the 275 billion dollar ceiling within a year. November estimates place the total at 259 billion, up four billion since April, prompting Treasury Secretary Snyders to seek a debt ceiling increase from Congress.
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