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Show AGREE ON U. S. BUDGET SYSTEM FOR NEXT YEAR WASHINGTON, M 27. A compromise compro-mise bill proposing a federal budget system effective next year, was reported re-ported by senate and house conferees. Under the provisions of the measure, the president and the secretary of the treasury would act jointly in presenting present-ing an annual budget to congress. The secretary would be director of the budget bud-get with power to revise, co-ordinate, increase or decrease department estimates. esti-mates. The president would approve or disapprove the budget and send it to congress. oo |