Washington Wire

May 1955
New Republic;5/2/55, Vol. 132 Issue 18, p2
The article presents information about various political developments taking place in the U.S. According to a snippet, the U.S. has spent billions in direct subsidies to Europe and the Orient to put desperate nations on their economic feet. The real issue is HR 1, the bill to extend the Reciprocal Trade Act for three years and to widen the President's power to cut tariff rates. Another snippet reports that the U.S. is in the midst of a double-barreled Communist peace offensive, in Europe and Asia, and whether it is a crafty propaganda move or the real thing nobody can yet tell. Soviet Premier says he is ready for a great power consultation on Europe; Chinese Premier Chou En-Iai, says he is ready for peaceful means to settle the Formosa dispute.


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