Intensive budget-pruning again occupied most of President Hoover's week.. To the Press he proudly exhibited a handful of new cuttings he had snipped off the Government's colossal expenditure bush. He had reduced the cash requests of all departments by $350,000,000. "Every item has been cut," said he. This meant, he explained, that the 1933 Budget would go to Congress next month with a total of $280,000,000 more or less, below current expenditures of $3,960,000,000. Where this $280,000,000 saving would occur President Hoover did not specify but it became known elsewhere that the...
To continue reading:
or
Log-In