Forecast On Budget Draws Fire in Congress
Washington reports President Truman will not submit a balanced budget next year provoking volleys over spending cuts and tax boosts. Representative Reed calls the plan a bitter Christmas present while Senator Thye balks at cutting European recovery funds. Pace links budget balance to new taxes. ECA funding faces reduction as lawmakers seek to trim civilian and veteran outlays amid uncertain revenue.
MENTIONED IN THIS ARTICLE
Washington
Truman
Congress
Reed
R-N.y
Frank Pace
Thye
R.-Minn
Europe
Pace
Key West
Fix
ECA
Byrd
C.-Va
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