Time Clock, may 23, 1955

BUSINESS IN 1955 will break all records, with gross national product hitting $375 billion, some 5% above last year and 3% above 1953's alltime peak, predicts Roy Reierson, chief economist for Manhattan's Bankers Trust Co.

NATIONAL DEBT LIMIT will have to be pushed up this year, possibly to $285 billion, $4 billion higher than the current statutory limit, which expires June 30. At current rates of spending, the debt will fall between $281 and $285 billion by the end of the year. President Eisenhower will probably ask Congress to boost the limit by the...

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!