Ford seeks record 109.1 billion defense budget for 1977
Ford unveils a 109.1 billion defense plan for the next fiscal year aimed at boosting aircraft, tanks, missiles, and naval power to maintain parity with the Soviet Union. The package pushes ahead with new weapons like long range missiles and the first three B1 bombers, while stressing restraint and negotiations.
MENTIONED IN THIS ARTICLE
Wariengton
Provident Ford
Motion
Recsla
Ford
Geecrease
Strategic-Arros
Soviet Union
Pentagon
Congress
United States
Denreid H. Rumsfeld
U.S
Rumsfeld
James R. Schlessinger
Schlesinger
Ford Proposes Major Welfare Cuts and Gun Funding Increase
The plan consolidates health, nutrition, education for the disadvantaged, and disease programs into a single block grant starting 1977 with flexible choice. States could gain more later due to new distribution formulas, with no matching funds required. Individual tax cuts totaling 18 billion dollars in 1977 are proposed, plus Social Security tax increases to fund retirement benefits. Medicare costs rise, food stamps and school lunches face reforms, foreign aid trims to 5 billion for 1977, and housing subsidies expand for 400,000 units. federal pay raises are capped.
MENTIONED IN THIS ARTICLE
James T. Lynn
Ford
Congress
House subcommittee seeks bank regulator reports
Washington AP A House Government Operations subcommittee voted 6 to 1 to subpoena confidential monetary reports on Citibank and Chase Manhattan from the Comptroller of the Currency. The panel seeks figures and examiner opinions not released in closed sessions, while noting bank conditions remain public.
MENTIONED IN THIS ARTICLE
Washington
Howe
Sec
National City Qubank
Chase Manhattan
Comptroller of the Currency
Benjamin
Rosenthal
Citibank
Chase
Ms Paything
Mba
Secspey
Gerermesgtal Efideos
Robert Bloom
Bloom
Money Center
Budget cuts reshape VA spending under Ford plan
The government proposes a VA budget of 18.1 billion for the next fiscal year, down from 19.5 billion. Major changes include cutting education and training funds and removing correspondence courses and flight training from GI benefits, with 400000 currently enrolled. VA plans to add 2146 hospital staff to raise staff per 100 patients to 174, and will fund eight area surveys for possible new hospitals. The plan also includes 233 million in GI insurance dividends and adjusted World War II and World War I veteran payments, with about 3 million WWII and 121,400 WWI policyholders affected.
MENTIONED IN THIS ARTICLE
Jerry
Baulch
Washington
Veterans Administration
Ford
Richard L. Roudebush
Roudebush
Congress
Beutebush
Less for farmers in new budget
President Ford's budget proposes a 25 percent cut in USDA spending for 1976-77, with notable reductions in food stamps school lunch programs and Food for Peace shipments. Farm price support costs drop due to lower tobacco quotas and higher prices, while direct payments to farmers rise slightly. The plan trims export loan financing and reduces rural development grants and the Agricultural Conservation Program, prompting ongoing policy contention.
MENTIONED IN THIS ARTICLE
Dom Kendall
Hashington
Agriculture Department
Ford
USDA
Department
Commodity Credit Corporation
CCC
Farmers Home Administration
Agricultural Conservation Program
ACP
APC
Usda Hes
Ford proposes state local funding shift to trim crime costs
President Ford's 1977 budget would cut LEAA grants and shift police costs to states and localities. It would end the college police training program, require half of FBI Academy training costs from state and local authorities, and reduce FBI and LEAA funding to curb crime programs.
MENTIONED IN THIS ARTICLE
Washington
Ford
Congress
FBI Academy
FBI
Law Enforcement Assistance Administration
Justice Department
Administration
LEAA
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Ward
Camgresa
Pew
Naval Reserve
Rumsfakd
Ford Administration
Navy
Marine Corps
Air Force
House Committee
Tee Reon
House
Senate
Toc
Shockey
Ingertews
Dunkin’ Donuts
Denkis Densts
Rts Coffee
Hagerstown
Washington Street
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