THE PRESIDENCY: The Hoover Week: Nov. 16, 1931

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...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!