Money: Two-Way Ticket

In the midst of other crises, President Johnson took time last week to announce an encouraging development in a battle the U.S. clearly seems to be winning: its campaign to balance its foreign payments. Reports just received from 344 big U.S. companies, said the President, show that this year they intend to spend abroad $1.2 billion less than in 1964 as a result of the Government's plea for a cutback. That will further help what has already been a noticeable improvement. Government economists estimate that the overall payments deficit has dropped from $3.1 billion last year to an...

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!