HOUSE GROUP LISTS 2.8 BILLION SAVINGS; HOUSING IS SLASHED; Independent Offices Funds Bill Reported With Large Cut in Truman Estimates MUCH SPENDING CANCELED Democrat Calls Gains 'Phony' -- McKay Files Reclamation Plea Pruned $53,838,000 HOUSE GROUP LISTS 2.8 BILLION SAVINGS
House com repts out ind Offices Bill calling for disposal of $1 billion of loans held by FNMA