MEMO FROM ALLEN W. DULLES RE MEETING OF SEVERAL INDEPENDENT AGENCIES RE ECONOMI

Created: 6/15/1959

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On Thursday, Juneeeting in Gerry Persons' of/ice. attended by representatives of several of tbe independent agencies of government, who had not been represented in the Cabinet Meeting where the President spoke about the Budget Estimates for Among those included in the meetingttended were George Allen, General Cueeada, Franklin Floete, and one or two others.

After Gerry Persons bad explained the President's desire to keep the budget within proper limits and to give full consideration to the whole cc. onomlc and spending problem with which the country will be faced over the coming years. The various persons around the rooman opportunity to speak. When my turnxplained that our budget presentation as informally given to the Director of the 3ureau of the Budget foras considerably In excesshat resulted from two causes: one was the importance of restoring our special reserve, and the other was the uncertainty as to allocation as between the Department of Defense and CIA of very considerable covert expenditures for certain highly classified projects.tated that on both points, it would probably be necessary to have the decision of the ftraaMart, who was quite familiar and deeply concerned with both of the esnSe^involved. ecision was reached on these two points adjustments might be possible an our budgetould not however project forward at the moment.

There was no particular discussion of either of these pointsad to leave the meeting before It was concluded.

ALLEN W. DULLES Director

AWD

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