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Costliest Peace Time Year Closing For U S Treasury
Washington June 30 federal treasury ends the 1949 fiscal year with the costliest peacetime year in U S history. About 9 3 billion spent since last July, 900 million more than 1936. total government outlays nearly 50 billion since 1933. Deficit around 3 5 billion as revenues lag. Recovery and relief cost about 3 1 billion in the year, up 1 billion from 1948.
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