THE PRESIDENCY: The Roosevelt Week: Jan. 8, 1934

Like many a clerk who was auditing his firm's books at the year's end, President Roosevelt spent much of last week studying budget figures scrawled across sheets of paper in his flowing, clerical handwriting. Base figure was $2,600,000,000 for normal Governmental expenditure. He reckoned total Federal income at $3,400,000,000?. What he would do with the marginal billion, whether or not he would ask Congress to appropriate more for relief or recovery projects would remain the President s secret until he delivered his budget speech to Congress this week.

¶ By cancelling the...

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