The Republican congressional leaders had barely drawn their chairs up to the President's desk for their weekly White House legislative conference last week when Dwight Eisenhower issued a warning. The warning: go slow on bills designed to cure the recession with heavy spending; the Democrats are trying to spend too much too soon. Senate Minority Leader William Fife Knowland thought he knew where to begin the slowdown, went back to the Capitol to take aim on a Democratic special: the $1 billion Community Facilities bill designed to pump 3½% loans into worthy town and city public-works projects, which Banking and...
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