IMPACT ON AMERICAN ECONOMY
Received Mondav, 7 p.m. WASniXCTOX, June 22. President Truman lias apuointed three special committees to study the imjiact on American economy of its foreign aid programme— a matter of grave concerri to everv American. President Truman 's announcement stated that wliile the reeoverv of production
i abroad was essential to both democ I racy and peace, the extent to which I United States should continue aiding such reeoverv was less easy to ascer tain and merited most careful study. The principal eommittee consists ot 19 leaders of industry, lahour, eduea tion, finance, econotnies and agriculture and will he headed hv the Secretary oi Commerce, Mr. Averell Harriman. The tvvo other committees will operate with in the Government. One will be head ed by the Secretary of the Interior, Mr J. A. Krugj and will study the impaci of foreign sllipments on America's j natural resources. The seeond conimitj tee is the President 's council of economic advisers headed by Dr. Edwin u. i Xourse. It will deal with the impact of foreign aid on the national economy. The eommittee of nineteen, which is described by President Truman as nonpartisan, is instructed to report on the limits within which United States can "saf'ely and wisely plan" to oli'er aid abroad.
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Chronicle (Levin), 24 June 1947, Page 5
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213IMPACT ON AMERICAN ECONOMY Chronicle (Levin), 24 June 1947, Page 5
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