BUDGET: Annual Report

The President sent to Congress, following his annual report "on the state of the nation," another message the sending of which is rapidly becoming habitual—the message which accompanies the budget. In this he dealt with the fiscal affairs of the Government for three years: briefly with the fiscal year of 1925 (closed last June) and the fiscal year of 1926 (now in progress, closing next June), and more at length with the fiscal year of 1927 (beginning next July), for which appropriations will be made at this session of Congress.

Fiscal Year of...

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