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Hidden Viet subsidy linked to U S exchange rates
The House Government Operations Committee finds a hidden U S subsidy to South Vietnam totaling about half a billion dollars over three years, driven by inequitable exchange rates. It urges Nixon to obtain an equitable rate or cut U S aid, noting a looming budget deficit and gold drain. Three Republicans dispute the report as simplistic and biased.
MENTIONED IN THIS ARTICLE
Washington
Congressional Committee
Vietnam
U.S
House Government Operations Committee
Nixon
United States
America
John N. Erlenborn
Illinois
John W. Wydler
New York
Charles Thone
Nebraska