Washington Wire

January 1955
New Republic;1/24/55, Vol. 132 Issue 4, p2
The article presents information about financial policy of the U.S. government, as of January 24, 1955. What the public does not know about the budget is that the U.S. President has dropped the practice of FDR and President Harry S. Truman of holding a personal sneak preview of it with the press. FDR and Truman were proud of their familiarity with the government's intricate fiscal details. There were three previews of the budget this year, conducted by Budget Director, Treasury Secretary and authorities at the Pentagon. A lot of people are asking whether the U.S. should put good roads ahead of good schools. The President has asked Congress for highway aid to states of about $50 billion in the next 10 years, to be financed through a bond-issuing Federal Highway Corporation.


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