Less Priming

Out of the business upturn last week came the first signs of a turn-around in the Kennedy Administration's economic policies. To give the economy a quick boost, the Administration had considered throwing its support behind a bill sponsored by Pennsylvania's Democratic Senator Joseph Clark to provide state and local governments with $500 million in federal grants for such projects as repairing roads and sewers, building schools and libraries. Chief advocate of the bill inside the Administration was Presidential Economic Adviser Heller. But Heller's enthusiasm has been countered by Treasury Secretary Dillon's argument that with the recession fading, there is less need for pump priming and less chance of winning congressional approval for it. The outcome: an Administration decision not to push the Clark bill.

This file is automatically generated by a robot program, so reader's discretion is required.