The Archive · 1938

Funds Pending

President Signs $1,500,000,000 Bill for R.F.C — Spending; Labour Bill Presented to House

Washington, Apr, 13, The Department of Treasury daily statement today revealed that the Federal gross deficit up to and including April 11 for the fiscal year totalled $1,006,446,724, President Roosevelt today signed the bill authorizing the Reconstruction Finance Corporation to make loans to the amount of U, S,$1,500,- 000,000 to states, municipalities and business men, The measure forms part of the Government's "pump-priming" projects in the fight against the current business recess sion,

Text read from the printed page and cleaned; old type leaves the occasional error.

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