Government: Lyndon's Budgeteer

The man to watch in Washington these days, when it comes to economy and economics, is a balding, moonfaced fellow with few of the outward trappings of power. Each day last week, he strode briskly on the three-minute journey from his office in the Executive Building to Lyndon Johnson's office, where he and the President held earnest conversations; Johnson also telephoned him from the presidential jet en route to Texas. At week's end, when Johnson announced a lower 1964 deficit and a greater budget cut than earlier estimates, there was, typically, no sign of the man who had done...