THE PRESIDENCY: Money & Molar

Before he left Washington to go fishing off Florida last fortnight, Franklin Roosevelt completed two messages to Congress. In the first, he asked for amendments to the 1934 Housing Act, to stimulate the U. S. building industry by making it easier for prospective homebuilders to finance their houses (TIME, Dec. 6). In the second, he asked Congress for a $112,000,000 reduction in Federal appropriations for road building, as a step toward a balanced budget in 1939. While the President and his party cruised about the Gulf Stream last week, daily messages from...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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