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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Jun 28, 1967
Page
5
The AP reports the Fed may implement a surcharge this week aimed at tempering the economy. Officials hope higher costs reduce inflation and curb activity, signaling potential slower growth and tighter credit conditions.
The article discusses a large federal deficit estimated between 13.5 and 29.2 billion dollars, with tax policy and administration debates shaping economic outlook. It notes hesitancy in action, a proposed 6 percent surcharge, and tensions between tax plans and broader policy. Credit easing efforts by Johnson administration and the Federal Reserve aim to spur growth, but long term rates have risen and business loan costs reach new highs.
Massachusetts state troopers began wearing a new uniform for summer including a short sleeved shirt tropical weight slacks and a straw campaign hat They replaced breeches and boots that had been in use for 46 years.
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