National Affairs: The Week's Work

Last week the President: ¶ Signed the $126 million Airport Aid Bill, a bill raising the interest ceiling from 4.75% to 5.25% on G.I. housing loans, and the corporate-and excise-taxes extension bill (see The Congress). ¶ Marked off a new line of fiscal frugality for his Administration. A balanced budget was something he was earnestly striving for, said Ike, but he pointedly omitted previous hints that this might mean a tax cut. Said he: "We should be starting to pay off our [$284 billion] debt . . . Congress itself expects us to get...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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