May 1953
New Republic;5/11/53, Vol. 128 Issue 19, p7
The article reports on the policy decisions of the United States government, related to budgetary reductions. It is reported that the U.S. administration has indicated a cut of $8.5 billion in the proposed budget of $78.5 billion for fiscal 1954. Sources reveal that $5 billion will come out of the defense program, $1.8 billion will be deducted from foreign aid, and the balance, from the budgets of various agencies and departments. It is opined that the proposed cut in foreign aid is nearly one fourth. A cut of this magnitude, coming at a time when Europe has been forced to believe that the prospects of freer trade are non-existent, will place a tremendous strain upon the already loosening ties of Western unity.


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