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1941 Fiscal Year Promises Broad National Defense
The 1941 fiscal year begins July 1 with plans for at least 4.5 billion dollars in defense spending. President Roosevelt signs bills to fund air power, ships, tanks, and guns, adds funds to Army and Navy budgets, and expands the Panama Canal locks program. The tax system tightens exemptions and raises revenue to cover defense needs while debt limits rise.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Capitol Hill
Philadelphia
William Knudsen
White House
D. Roosevelt
Army
Navy
Panama Canal
George W. Strong
Agriculture Department