Menu
Share
Share this story
Close X
 
Switch to Desktop Site

Volcker urges more cuts, higher increases in taxes

Federal Reserve Board chairman Paul Volcker urged Congress to cut spending and raise taxes much more than President Reagan wants so as to lower interest rates and reduce the federal deficit.

Mr. Volcker urged Congress to come up with another $20 billion in budget savings over and above the $56 billion proposed by the President.

About these ads