Word: congressmen
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Dates: during 1980-1989
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...Regulation. The speed at which the crash circled the world made it clear that Tokyo, London and Manhattan are all connected outposts in a vast trading market. Yet the rules that govern stock trading can differ radically from country to country -- and indeed from one city to another. Some Congressmen are proposing that the Chicago futures markets be put under the authority of the Securities and Exchange Commission, which controls the stock markets. At the moment, the futures trading pits are supervised by the Commodity Futures Trading Commission, which also regulates such mundane commodities as pork bellies and grain futures...
...soaring numbers of students who fail to repay their loans has shocked congressmen and sent Administration and college officials running to find a solution. The government's annual payment on defaulted loans will jump 10-fold from $209 million in 1978 to $2 billion by the end of the decade...
...Bennett and hostile congressmen could use default to threaten funding for all financial aid programs," said
...didn't buy Reagan's line last year, returning the Senate to the Democrats. No one should buy it now, either. The arithmetic is too simple. Cut taxes, increase defense spending... you'd think the Administration had been submitting balanced budgets to the Congress only to be rebuffed by congressmen eager to spend more money...
...academics--in terms of the economy and national security, the report is likely to broaden the base of opposition to the Administration's information policies, say university officials. And by framing their argument in these politically pressing terms, Shattuck and Spence provide a document that may very well persuade congressmen to rescind the Administration's policy changes...