Perhaps the basic political fact about recessions in the U.S. today is that the Federal Government is committed by law, custom, popular demand and political necessity to combatting them. Last week, confronted by a spate of plunging graphs and slipping statistics, both the White House and Capitol Hill were talking plenty of combatting. Items:
Public Works. The President asked Congress for an extra $257 million for reclamation, flood control, hospital construction and other public works. With both parties agreed on speeding up the federal-state highway program, the Administration sent to Capitol Hill a proposal to put an additional $2.2 billion in...
To continue reading:
or
Log-In
