Word: compro
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Dates: during 1980-1989
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There were reports of a neat compro mise: Volcker would be reappointed to a four-year term with the understanding that he would step down in January 1985. That would allow whoever is President to name his own man to the Federal Reserve at the beginning of his term. In the past, Volcker himself has said that he believes the two most important jobs in Washington should have concurrent terms...
...late September, when the Administration was about to submit the sale formally, many legislators were openly insisting that they would never vote yes unless there were some sort of joint-control arrangement for the AW ACS planes. With Reagan's permission, Allen joined the group effort to negotiate a compro mise. His efforts aroused the ire of Haig, who felt that Allen was usurping a State Department role. In any case, it failed when word of the attempt leaked, all but forcing the proud Saudis to say no. Reagan was left with no way to win approval, ex cept...
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