The Archive · 1938

U.S, Registers Large

Deficit Washington, Sept. 2.

'The United States spent U.S$1,- 445,227238 for the frst two months of 1980, resulting ina. gross "defeat US.$040,640,203, which raised the public debt to U.S.$37,503,031,- 708, the Department of the 'Treasury wiouneed today. Receipts for' the period amounted to U.S.$798,579,034.

Mr, Henry Morgenthau, Secretary of the Treasury, said. that {twas une likely That a new tax. programme would be announced before. Novem ber or December.

He" later emphasized that tax Issues were so closely related budgetary problems that it was neces sary to possess definite knowledge. of the seal situation before pushing the new Drogramme-—United Pres.

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

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