WORLD TRADE: Compromise Victory

In handling the House-passed foreign-trade bill, Senators did nearly all their bargaining in the Finance Committee and reached an escape-clause compromise (TIME, May 9) that was acceptable both to reciprocal-traders and to all but the most rabid protectionists. When the bill got to the floor, it had the support of the most influential Senators of both parties. Against such strength, the opposition collapsed. Last week the Senate passed the trade bill, 75 to 13.

Other Senate action:

¶ The Public Works Committee voted 8 to 4 to shelve President Eisenhower's highway-construction program. The committee then generally approved a substitute bill...

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