03/18/1929
https://www.presidency.ucsb.edu...
"Also some comparisons of Federal expenditures include the Post Office outlays."
"The Cabinet members and heads of independent agencies have undertaken a searching inquiry into every branch of the Government as to methods by which economies may be brought about for the present fisc..."
"Including the estimated postal deficit the total budget estimates of expenditures for the present fiscal year are $4,203,254,457, as compared with actual expenditures for the last fiscal year of $3,99..."
"The discussion today was directed to measures for reduction of expenditures below these estimates with view to meeting possible reduction of revenue arising from slack times."