President Johnson last week took a step that U.S. policymakers have been talking about for years. "This government," he said at a White House press conference, "has completed an intensive review of policy toward the present and future of the Panama Canal. On the basis of this review, I have reached two decisions. First, that the United States should press forward with Panama and other interested governments in plans and preparations for a sea-level canal in this area. Second, I have decided to propose to the government of Panama the negotiation of an entirely new treaty on the existing...
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