THE PRESIDENCY: First Check

With most of the country's banks again open and off his mind for the moment, President Roosevelt drove the rest of his legislative program ahead at top speed last week. While eating a tray luncheon in his office he signed his $500,000,000 Economy Bill. His pen & ink thereby marked an historic transfer of fiscal power from the Congress to the Presidency. Heretofore Congress has appropriated specific sums to be spent as ordered on veterans and Federal employes. Under the new law Congress authorizes a lump sum expenditure, leaves it for the...

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