New Taxes And Budget Cuts Patch Delaware's Finances
A week long Delaware General Assembly session ended with 3.2 million in budget cuts and 19.75 million in new taxes to be collected by June 30. The plan to fund state operations for 11 months passed mainly with Republican votes and faces possible further action only after a rest period. The conflict centered on income tax changes with House seeking a 20 000 earnings threshold rise and Senate pressing for a 10 percent across the board surcharge. Speaker William L. Frederick noted Governor Peterson failed to forge a final agreement.
MENTIONED IN THIS ARTICLE
Dover
Del
Patel
Delaware
General Assembly
Senate
Russell W. Peterson
Peterson
Unise Gop
House
William L. Frederick
Burns
Federal Reserve
White House
Ie Board
Senate House
Nixon Burns Relations Grow Cold Over Policy Split
Washington AP A fresh rift emerges between President Nixon and Federal Reserve Chairman Arthur Burns over inflation and monetary policy. Burns advocates stronger controls while Nixon resists wide wage price actions, signaling a possible restructuring of the Fed board as relations sour.
MENTIONED IN THIS ARTICLE
Bill Neikirk
Associated Press
Washington (Ap
Nixon
Arthur F. Burns
Federal Reserve Board
Federal Reserve Bank
Burns
Nimon
Federal Reserve
Allen
The
White Horse
Lockheed Loan Fight Hits Senate Yet Again
In Washington the Senate again debates a bill to aid Lockheed Aircraft Corp as supporters press for a vote on a 250 million loan guarantee while House action on the loan proceeds and opponents warn against rushing a broader 2 billion loan. Proxmire comments after failed attempts to secure majority.
MENTIONED IN THIS ARTICLE
Washington
Senate
Lockheed Aircraft Corp
House
Lockheed
Wiliam Proxmire
Heese
Secrecy Power Fight Over Nixon Aid Cutoff Threatens
Senate Foreign Relations Committee moves to cut off all foreign military aid if Defense Secretary Laird withholds information on aid programs. Fulbright says he has asked repeatedly. Nixon blocks disclosure, cites executive privilege. Judiciary subcommittee weighs a similar bill to curb executive privilege and test the president's disclosures. Rusk and Harriman spar over Kissinger's involvement and the China trip details.
MENTIONED IN THIS ARTICLE
Jerry Baulch
Associated Press
Washington
Senate Foreign Relations Committee
J3.w. Fulbright
Melvin R. Leird
Nixon
Arkansas Democrat
Laird
Defense
Fulbright
Congress
Executive Branch
Fulbright Y
Senate Judiciary
Secretary of
Dean Rusk
Averell Harriman
Husk
Harriman
Rusk
Bill J
Wiettier
Henry A. Kissinger
Wixon
China
Kissinger
Chou Enlai
Negotiators Near Agreement On Draft Law
House and Senate negotiators near a two year draft extension bill calling on President Nixon to set a date for total U S troop withdrawal from Indochina. Conflicting reports linger on voting a compromise to drop the Senate nine month deadline to stall a filibuster. Senate conferees were ready weeks ago to accept such a plan but needed enough votes to cut off a filibuster. Mike Mansfield authored the nine month deadline amendment, a battle that could last until next week before Congress summer recess. The prior draft expired June 30.
MENTIONED IN THIS ARTICLE
House
Senate
Nixon
U.S
Indochina
Mike Mansfield
Congress
Also Mentioned on This Page
Wilbur D. Mills
D-Ark
Washington Press Club
Mills
Ways and Means
the Daily Mail
Estaoueneg
Wall
Bates
Oro Vener
Nixon-Burns
Joint Economic Committee
Proxitire
Inner House
Fran Fatt
Inane Caton
Theda Cole
Joyce Herman
Levalta Fratey
Halen Claypool
Potomac Edison
Allegheny Power System
Club
Oigar Edison Electric Living Spac
Downsville Pike
Hagerstown
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