United States Treasury Now Faced With Deficit
PRESIDENT’S PREDICTION ASTRAY. United Press Association. —25y Electrle Telegraph.—Copyright. Received Wednesday, 9.15 p.m. WASHINGTON, April 22. Despite his previous prediction of a surplus, President Hoover; stated that on the basis of the Budget proposals and appropriations already passed, the Treasury faces a deficit of 20,000,000 to 30,000,000 dollars for the fiscal year, 1930-1931. He asserted pending measures would add another 30,000,000. These required most rigid economy. President Hoover has not mentioned the measures about which he expressed “real alarm” and attempts by Senator Borah to discover in the Senate the explanation met with failure.
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Manawatu Times, Volume LV, Issue 7200, 24 April 1930, Page 7
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101United States Treasury Now Faced With Deficit Manawatu Times, Volume LV, Issue 7200, 24 April 1930, Page 7
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