Former President Eisenhower, addresses the nation on the American intervention in Formosa (now Taiwan) in an undated archival picture. Eisenhower was involved in the country's first debt ceiling fight when he asked Congress to raise the limit by $15 billion. The Senate refused, ushering the first tussle over the country's debt.
By an 8-to-1 vote, the high court ruled against unionized truck drivers who walked off the job, but it preserved the rights of workers to time their strikes for maximum effect.
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