THE RECOVERY DRIVE.
HUGE FUND PROPOSAL. MONEY FOR THE PRESIDENT. WASHINGTON, June 2. As a climax to the Government’s relief and recovery programme, a Bill which would put in President Roosevelt’s hands a potential emergency fund varying between 2,500,000,000 and 650,000,000,000 dollars, was reported for passage to-day by the House Appropriation Committee. The measure is to be known as the Deficiency Appropriation Bill of 1934. It allocates directly 1,172,000.000 dollars for relief and rehabilitation during the next fiscal year, but also turns over to the President the unobligate savings and balances of the Reconstruction Finance Corporation and Public Works Administration, which may exceed 5,000,000,000 dollars. The measure is scheduled to be called up on Monday. It will require _ a two-thirds majority for passage, which the leaders are certain will be assured. It is further hoped that, as far as the House is concerned, it will end the legislative programme of the 73rd Congress.
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Manawatu Standard, Volume LIV, Issue 157, 4 June 1934, Page 7
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153THE RECOVERY DRIVE. Manawatu Standard, Volume LIV, Issue 157, 4 June 1934, Page 7
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