The most precarious balancing act since the original Great Wallendas retired from the high wirePresident Eisenhower's 1960 budgetis still gamely keeping its balance. Budget Director Maurice H. Stans reported last week. Said normally solemn Accountant Stans, fighting hard to smother a grin: during the half-year since the President presented his budget to Congress, the economy's energetic climb has added $1.9 billion to the Administration's income estimate for fiscal 1960 (ending next June). But over the same span, the outgo estimate has also crept upward by $1.9 billion, reaching $78.9 billion. Biggest reason for the outgo increase: rising interest rates,...
THE BUDGET: Precarious Balance
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