Word: bipartisanism
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Bush is also scheduled to name two members to the bipartisan National Economic Commission, which is seeking ways to balance the budget. Although he scorned the committee during the campaign as a stalking horse for a tax increase, he could encourage its work by appointing pragmatists rather than supply-side theorists. Another signal to the markets might come from Bush's choice of a Defense Secretary, since he must decide whether he wants a skilled politician or a disciplined manager. Among the finalists: former Texas Senator John Tower, who has strong ties to defense contractors, and Paul O'Neill, chief...
...vice president's aides said he would make some transition announcements this morning before meeting with former Presidents Gerald Ford and Jimmy Carter, who recently wrote a report with bipartisan advice for the new president...
...will probably be evident in relations with Capitol Hill. While Reagan happily took on the Democrats, trying to eke out progress via confrontation, Bush prefers conciliation. Some Bush insiders predict a major outreach to congressional leaders almost immediately, an attempt to establish an era of good feelings with a bipartisan consensus on a problem posing a serious threat to the country...
Cutting the budget deficit is a task for America's best and coolest-headed. But even they are pounding the table in frustration, as was the case last week when the bipartisan National Economic Commission met. Congress created the panel last December, hoping it would produce a consensus on deficit-trimming measures (and take the heat off Congress to do so). But the deliberations, hemmed in by untouchable Social Security benefits on one side and antitax sentiment on the other, have taken on a sense of futility...
...staunch Republican who served as Richard Nixon's Secretary of Commerce, Peterson, 62, has been a consistent and vociferous critic of the Reagan Administration's economic policies. In 1982, while chairman of the investment banking firm Lehman Bros. Kuhn Loeb, he co-founded a bipartisan group that warned of the mounting U.S. budget deficit. Still one of the most powerful men on Wall Street, Peterson now heads the Blackstone Group, a smaller investment house specializing in corporate takeovers and leveraged buyouts. His new book, On Borrowed Time: How the Growth in Entitlement Spending Threatens America's Future, written with Neil...