Business: Deficit Ahead?

The federal budget will probably run a deficit in fiscal 1962, despite the Eisenhower Administration's projection of a $1.5 billion surplus. So last week predicted Douglas Dillon, who, as Treasury Secretary in the Kennedy Administration, can be expected to have a major role in the nation's economic policy. Appearing before the Senate Finance Committee for hearings on his confirmation, Dillon said that he expects the budget deficit because of a decrease in tax revenues, "particularly in the area of corporate profits." He also gave his views on several economic problems, on others skillfully declined to commit himself before the Kennedy Administration's...

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