The Administration: Closing CIA's Cashbox

After the Central Intelligence Agency's covert financing of the National Student Association and other groups was exposed seven weeks ago, Lyndon Johnson reacted with the standard political ploy of appointing a committee to investigate. In this case, at least, the President was not merely taking evasive action. When the committee turned in its report to him last week, Johnson immediately acted on its recommendation that CIA be prohibited by year's end from funding any educational, philanthropic or cultural organization.

"I accept this committee's proposed statement of policy and am directing all agencies of the Government to implement it fully,"...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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