President Roosevelt Revises His Original Estimates More for Work-Relief: Economy Drive Started Washington, Apr. 20.
EPRESENTING the eighth consecutive Treasury deficit, and indicating that the national debt will soon be more than $35,000,000,000, President Roosevelt to-day sent a special message to Congress revising his.original budget figures.
The President asked for an appropriation of $1,500,000,000 for work-relief purposes during the 1937-38 fiscal year.
At the same time he projected an economy drive to offset the effects of lagging Treasury revenues. Mr.
Roosevelt also indicated that he would present a tax bill to the next session of Congress.
The measure estimated that the net deficit for the current fiscal year would be $2,557,000,000 and that the deficit for the next fiscal year would be $418,000,000, whereas in January he estimated that the deficit for the current year would be $2,248,~ 126,774 and that there would be no deficit during the next fiscal year. The probable gross deficit for the 1938 fiscal period will be $819,000,000, including sums required for debt retirement.
President Roosevelt to-day asked for an extension of the. "nuisance taxes" which expire this Spring, and demanded that Congress refrain from voling expencilures beyond budgeted ems. He avoided recommendations for new taxes at the present session of Congress but proposed that, the Treasury survey the whole tax struc-{ure with a view to reporting on ne situation at the next session.
He emphatically called on Congress to resist. the pressure of "special interests" for additional appropristions.
"The pending flood-control_programme, he pointed out, would impose an' unjustifiable burden on the Treasury. Mr, Roosevelt also
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