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WITNESSES AND STATEMENTS
TUESDAY FEBRUARY 17 1970
Mayo Robert P Director Bureau of the Budget accompanied by James
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administration annual average balance of payments banks billion budget capital Chairman Patman Chairman PROXMIRE changes committee Congress cost Council of Economic decline defense deficit demand dollars Economic Advisers Economic Report effect estimate Eurodollar expenditures exports Federal Reserve Federal Reserve Board figures fiscal and monetary fiscal policy full employment funds goals going Government gross national product housing impact important income incomes policy increase industry inflation inflationary interest rates investment jawboning labor loans Mayo McCracken ment military monetary policy money supply nomic outlays output percent period President priorities problem production programs projected proposed question reduce Representative BROWN Representative CONABLE Representative REUSS restraint revenue rise Secretary KENNEDY Secretary ROMNEY sector Senator JAVITS Senator MILLER Senator Proxmire SHULTZ spending statement substantial surplus tion trade unem unemployment United Vietnam Volcker wage