Congress places a $1 billion ceiling on military aid to South Vietnam for fiscal year 1974. This figure was trimmed further to $700 million by August 11. Military aid to South Vietnam in fiscal year 1973 was $2.8 billion; in 1975 it would be cut to $300 million. Once aid was cut, it took the North Vietnamese only 55 days to defeat the South Vietnamese forces when they launched their final offensive in 1975.
This Day In History: August 5
