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...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!