High Quality Content by WIKIPEDIA articles! The Economy Act of 1933, officially titled the Act of March 20, 1933 (ch. 3, Pub.L. 73-2, 48 Stat. 8, enacted March 20, 1933; 38 U.S.C. § 701), is an Act of Congress that cut the salaries of federal workers and reduced benefit payments to veterans, moves intended to reduce the federal deficit in the United States.