Business: A Pain for Charlie

As the grand finale to its angry campaign against President Eisenhower's $71.8 billion budget, the Chamber of Commerce last week staged the loudest protest yet at its 45th annual meeting in Washington. There, before 4,200 delegates, the Chamber cried for a cut of $5 billion in the overall total. Training its heaviest fire on the $38 billion defense bill, which it wants reduced by $1.5 billion, the Chamber said that the idea that "all defense expenditures are essential to national security and are therefore untouchable" is a "myth."

There has been, said the Chamber,...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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