Economy Need Plagues Social Goals Backers
Washington AP House supporters of major social programs face a hard fight against economy measures funded by cuts to education antipoverty efforts totaling 1.17 billion from a 17 billion bill for Labor Health Education and Welfare and related agencies. Mahon says defense budget will not be cut to cover social programs. two amendments to restore funds failed by narrow margins.
MENTIONED IN THIS ARTICLE
Washington
Ap) — House
House
House Appropriations Committee
Labor and Health, Education and Welfare Departments
Office of Economic Opportunity
George D. Mahon
D-Tex
Mahon
U.S
Congress
Connec
Melvin R. Laird
R-Wis
Johnson
Britain Struggles With Pound Devaluation Fallout
After the pound dropped from 2.80 to 2.40 dollars, Britons faced higher prices for groceries and essentials while free prescriptions ended, and taxes rose. Savings fell as household budgets tightened. Prime Minister Wilson's Labour government faced a treasury deficit and pursued austerity to defend the currency and welfare state, mirroring American concerns over deficits.
MENTIONED IN THIS ARTICLE
Harold Wilson
Treasury
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