THE PRESIDENCY: Bogged in Budget

Since the adoption of the 20th Amendment to the Constitution, the President of the U. S. is assured of at least one Christmas gift: a headache. The 20th Amendment set the annual opening of Congress on Jan. 3. and unless a President is more forehanded with his work than Franklin Roosevelt, Christmas inevitably finds him bogged in the Budget.

The maker of the world's most superior mouse trap never had a more worn path to his door than that which Secretary of the Treasury Morgenthau, Budget Director Bell, Public Works Administrator Ickes, Works...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

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