10/31/1938
https://www.presidency.ucsb.edu...
"You will report to me... the steps which you are undertaking to reduce expenditures and the amount of the estimated saving resulting therefrom."
"It is apparent at this time that the revenues of the Government for the present fiscal year will be materially less than the amount estimated in my budget message of last January."
"So far, so good, but—"
"It is my desire that the heads of the executive departments and independent establishments of the Government will immediately cause a survey to be made of the expenditure requirements of their departm..."