With the American entrance into World War I in April 1917, Wilson became a war-time president. The War Industries Board, headed by Bernard Baruch, was established to set U.S. war manufacturing policies and goals. Future President Herbert Hoover led the Food Administration; the Federal Fuel Administration, run by Harry Augustus Garfield, introduced daylight saving time and rationed fuel supplies; William McAdoo was in charge of war bond efforts; Vance C. McCormick headed the War Trade Board. These men, known collectively as the "war cabinet", met weekly with Wilson at the White House. Because he was heavily focused on foreign policy during World War I, Wilson delegated a large degree of authority over the home front to his subordinates. In the midst of the war, the federal budget soared from $1 billion in fiscal year 1916 to $19 billion in fiscal year 1919. In addition to spending on its own military build-up, the United States provided large loans to the Allied countries, helping to prevent the economic collapse of Britain and France. By the end of the war, the United States had become a creditor nation for the first time in its history.