Word: budgeted
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Dates: during 1980-1989
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...administration, through the Department of Interior's Bureau of Indian Affairs, has asked a House subcommittee not to include the $2.25 million federal portion of the settlement in the department's budget for the current fiscal year...
...compromise would have been a major signal of total impotence in Washington's corridors of power. Indeed, symbolism was the order of the day: showing the jittery financial community that Washington could take action was just as important as coming up with a viable package of taxes and budget trimmings...
Throughout the week, the stock market bobbed skittishly as Wall Street tried to gauge the progress of the budget negotiations. When it looked as if the talks were going to break down on Thursday, the Dow Jones industrial average plummeted nearly 44 points. The following morning, the market opened down an additional 33 points. But after the summiteers agreed on a plan, the Dow closed up 18 points. Said Reagan at the press conference announcing the compromise: "Today we're sending the right message at the right time...
Perhaps. While the market may have been buoyed by the settlement, losers still outnumbered gainers on the New York Stock Exchange last Friday, and the Dow was only 10% above its Oct. 19 abyss. Many Wall Streeters regarded the budget plan as too little too late. "We would have been better off if the talks hadn't even happened," declared John Paulus, a managing director and chief economist at Morgan Stanley. "The difficulty in reaching an agreement shows a lack of determination, a lack of discipline and a lack of leadership in Washington." Steven Einhorn, portfolio strategist at Goldman Sachs...
...cheese. The designers of the plan expect that pizzamakers who use ersatz products will be forced to switch to the real thing. The result will be an increase in the demand for cheese. The Federal Government, in turn, will have to buy back less cheese from dairy farmers. Estimated budget savings of this cheesy scheme: $29 million over three years...