RECOVERY PLAN
PROPOSALS IN UNITED STATES HUGE EXPENDITURE IN VIEW PRESIDENT’S BILL PASSED ' BY HOUSE By Telegraph—Press Association. Copyright. . WASHINGTON, May 12. The House of Representatives passed the Recovery and Relief Bill providing for an expenditure of 3,054,000,000 dollars. The Bill was carried by 320 votes to 70. The measure now goes to the Senate. Further supplementary measures in the President’s so-called spending and lending programpie for recovery and relief are expected to bring the total expenditure to 5,000,000,000 dollars. President Roosevelt proposed to Congress a lending, spending and credit expansion programme in the New Deal’s second huge pump-priming campaign against depression. The plan falls into three general categories, first the maintenance of relief, secondly the expansion of credit, and thirdly the revival of public works and additional funds for certain active New Deal recovery agencies.
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Wairarapa Times-Age, 14 May 1938, Page 7
Word Count
136RECOVERY PLAN Wairarapa Times-Age, 14 May 1938, Page 7
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