Time Clock, Jul. 5, 1954

FEDERAL CASH BUDGET was in the black for the first time since the Korean war as the books closed this week for fiscal 1954. The cash budget consists of daily expenditures and the money actually taken in (including social-security payments). The administrative budget, which is the Government's planned income and outgo, is still $3.2 billion in the red. This deficit is expected to drop to $2.9 billion next year and the cash budget is again expected to balance.

TV PRICE JUMP of 10% to 20% will come before the end of the year...

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