National Affairs: First Slice: 61%

Harry Truman's budget called for expenditure of nearly $1.2 billion to operate 20-odd Independent Offices (e.g., the Federal Trade Commission, the President's office) during fiscal 1954. Last week a revised Independent Offices budget was approved by Chairman John Taber's House Appropriations Committee. After Taber and the Administration's own budget men had got through wringing the fat from it, figure was slimmed down to $451 million —a cut of 61%.

Some of the cuts were mere bookkeeping, e.g., the committee decided that the Government did not have to pay itself $192 million interest on the Civil Service Retirement and Disability Fund. But others...

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