FOREIGN RELATIONS: For Mutual Security

To Capitol Hill last week went Dwight Eisenhower's budget for foreign aid. Proposed outlay: about $5.8 billion, or some $1.8 billion less than Harry Truman's request for fiscal 1954. Other highlights of the 1954 Mutual Security program: ¶ Europe will still be the No. 1 beneficiary, but its proportion (more than $3 billion) of the whole MSA pie will be cut from about 75% to 55%. ¶ Asia will get about 30%, a larger share (about $1.7 billion) than ever before. This sum includes $400 million for Indo-China. representing about 40% of the cost of the Indo-Chinese war to...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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