Word: bipartisanism
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...announcement that the U.S. trade deficit, the closely watched barometer of America's global competitive woes, improved by a gratifying degree during September. But at week's end the financial world was left holding its breath for what had been promised as the most reassuring development of all: a bipartisan agreement to cut the U.S. budget deficit. After three weeks of daily meetings, the 15 congressional and Administration leaders who constitute the special budget summit adjourned without reaching a compromise on billions of dollars in new taxes and spending cuts...
...last week to get moving on the budget deficit. Declared West Germany's Finance Minister, Gerhard Stoltenberg: "The center is Washington. That's where the difficulties are coming from." In the U.S., a group of more than 150 business leaders, lawyers, educators and former Cabinet members, calling themselves the Bipartisan Budget Appeal, took out a two-page advertisement in the New York Times and the Washington Post to demand spending cuts of at least $30 billion to $40 billion in fiscal 1988. Said the group, which included a range of prominent liberals (Edmund Muskie) as well as conservatives (William Simon...
...Senate approved by a 86-9 vote a bipartisan compromise that the House adopted Wednesday by a 264-158 vote. Most of the opposition came from conservative Republicans...
Like the rest of America, politicians in Washington seemed less likely to change their behavior patterns as memories of Black Monday drifted away. When congressional and Administration leaders opened their second week of emergency budget-cutting meetings last week, their post-crash burst of bipartisan magnanimity was on the wane. "The worst thing for the summit is stock-market stability. It takes the pressure off," says Economist Schultze...
...ideas being discussed," said Rep. Leon Panetta (D-Cal.). Asked who proposed it, he said, "It's bipartisan...