THE BUDGET: Bumping the Ceiling

When Congress sheathed the Battle-of-the-Budget economy knives arid went home, the Administration's budget woe's were far from over—in fact, they had scarcely begun. At his press conference last week, Dwight Eisenhower spoke of budget problems in the harried tone of a head of household who finds himself, soon after payday, with $365 in overdue bills and $165 in the family checking account. Said Ike, when asked what cuttable spots he might find in next year's budget: "If you could tell me that, I would have one of my hardest problems solved, because every single department of Government, most of them...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

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