U.S. HOUSING BILL Action Against Recession
(N.Z. Press Association—Copyright) WASHINGTON, March 19. Congress and the Administration took action today to halt the recession arid make jobs. The House of Representatives passed and sent to the White House a 1850 million dollar Housing Bill designed to create 500,000 new jobs by adding 200,000 houses to those which otherwise would be built this year. It was the first major antirecession Bill completed by the Democrat-controlled Congress. The Army announced that it would place about 100,000,000 dollars in defence contracts almost immediately with the automotive industry.
Nearly all the job-making contracts will be for the production of military lorries and trailers in such hard-hit States as Illinois, Indiana, Michigan, Ohio, and Pennsylvania.
President Eisenhower loosened the Treasury’s purse strings in an eflfort to speed job-producing work on 2255 million dollars worth of public housing and rural electrification projects. Mr Robert Goodwin, director of the Bureau of Employment Security, said today that there was no sign of a reduction in the number drawing unemployment compensation, which reached 3,282,445 on March 1.
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Press, Volume XCVII, Issue 28541, 21 March 1958, Page 11
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177U.S. HOUSING BILL Action Against Recession Press, Volume XCVII, Issue 28541, 21 March 1958, Page 11
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