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The Nome Nugget
Nome, Nome County, Alaska
What is this article about?
The U.S. House postponed debate on an economic controls bill granting President Truman full discretion until at least today, as the banking committee works on a compromise. Speaker Rayburn hopes to resume consideration today after a week of little progress. The Senate committee already agreed on a similar bill Monday night.
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WASHINGTON (P). The House yesterday postponed until at least today further debate on an economic controls bill while its banking committee worked on a compromise.
Speaker Rayburn told newsmen he hoped that the House would be in a position to resume consideration of the bill today.
It already has spent almost a week on controls legislation without making any substantial progress.
Chairman Spence (D.-Ky.) said the banking committee would meet again yesterday afternoon to seek a common ground on which opposing factions could agree. He expressed hope that an agreement would be reached shortly.
There was a possibility that the Senate may pass a control bill before the House does. The Senate banking committee reached agreement on a bill Monday night, and that bill is being used as a base for the House committee's discussions.
President Truman would get virtually full discretion as to when or whether to impose economic controls under the Senate committee plan.
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Domestic News Details
Primary Location
Washington
Event Date
Yesterday
Key Persons
Outcome
debate postponed until at least today; banking committee meeting to seek compromise; possibility senate passes bill first
Event Details
The House postponed further debate on an economic controls bill while its banking committee worked on a compromise. Speaker Rayburn hoped to resume consideration today after almost a week without substantial progress. Chairman Spence said the committee would meet again yesterday afternoon to find common ground. The Senate banking committee reached agreement on a bill Monday night, serving as a base for House discussions. President Truman would get virtually full discretion under the Senate plan.