THE BUDGET: A Billion Saved

"The American people have responded and will respond to the leadership of a political party which evidences a healthy regard for the people's money," said Treasury Secretary Robert B. Anderson to the Republican platform committee last week. And as a monument to the Eisenhower Administration's healthy regard, Anderson & Co. posted a $1.1 billion surplus for the 1960 fiscal year (closing June 30). By snapping back into the black after 1959's peacetime record deficit of $12.4 billion, the U.S. actually realized a year-to-year improvement of some $13.5 billion, which itself is a record.

The surplus was won despite the steel...

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