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  • Reserve Board made detailed presentations about the pressing need for a tax increase and expenditure reductions. In executive session before the Ways and Means Committee on September 20th, the Budget Director specifically emphasized that each appropriation
  • confidence in the dollar through demonstrating fiscal responsibility and other constructive measures to improve the balance-of-payments position. Read concluding portion of stateĀ­ ment he made at November 16 press conference announcing programs to strengthen