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Administration plans sweeping new federal spending program
Washington May 19 The administration is drafting a vast spending lending plan to be sent to President Roosevelt and possibly Congress. The outline includes $1.5 billion from the stabilization fund for a nationwide home building program, loans to business especially small firms, social security increases, government loan insurance for utilities, and rail equipment purchases. The plan features a new agency to manage the stabilization fund and low interest home loans, with potential changes before submission.
MENTIONED IN THIS ARTICLE
Washington
Sion
Roosevelt
Congress
Treasury
Federal Housing Administration
Pro
Gram
Wagner
New York
Pepper
Florida
Marriner S. Eccles
Federal Reserve Board
Leon Henderson
Securities Commission
White House
Ickes
PWA
Stabilization Fund