The Economy: Foggy Days

After three weeks of recuperating in sunny Texas, Lyndon Johnson returned last week to some foggy economic weather in Washington. If the visibility was rather poor, the President had himself partly to blame. He has been screening his economic moves -and intentions -so thoroughly that speculation about them has become an almost obsessive pastime of the nation's economists.

Before leaving the ranch, Johnson got around to announcing what everyone had long expected, but what he had steadfastly refused to confirm all year: that between $9 billion and $10 billion in additional funds will...

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!