Word: cutoffs
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Dates: during 1980-1989
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...Connecticut, co- author of a bill to withhold the funds, concedes that the contras will get their money. Senators who voted for the contra aid bill last year are unwilling to reverse their stand so quickly, Dodd believes. Moreover, if both the House and Senate voted for an aid cutoff, they still could not round up the two-thirds majorities needed to override a certain presidential veto. Dodd doubts that the issue will come to a Senate vote. Says he: "I'm not sure if it makes sense to hand the President a victory right...
...vote of confidence for Garcia's handling of the Peruvian economy. At his inauguration in July 1985, Garcia vowed that he would allot no more than 10% of export earnings for repayment of the country's $14.2 billion foreign debt. The strategy led a year later to a cutoff of loans from the International Monetary Fund and the accumulation of $630 million in unpaid interest owed to U.S. banks. But it has also allowed Garcia to reduce inflation from 184% just before he took office to 59% currently and to increase wages by an average of about 7% over increases...
...These loans, which will be repaid from profits in future years, may be considered "new investments" in South Africa under the U.S. sanctions law and therefore illegal after Nov. 16, when the law goes into effect. Some other American firms will probably scramble to announce selling plans before that cutoff date...
...move was also cheered by other Western governments. In Washington the White House announced that the U.S. was indefinitely withdrawing its Ambassador to Damascus to underscore its endorsement of the diplomatic cutoff. "We support the British decision," said White House Spokesman Larry Speakes. "In the coming days we will be in close consultation with Her Majesty's government and other allies regarding additional steps that we and others will take." In Ottawa, Minister of External Affairs Joe Clark announced that Canada was also calling home its Ambassador...
...state legislature hoped that coupling the higher speed limit with a mandatory seat-belt requirement would induce the feds to exempt Nevada from the 55-m.p.h. restriction. No such luck. When the Federal Highway Administration promptly announced a cutoff of road-building funds--including $66 million for next year--the state just as quickly backed off. But not without vowing to fight: the state has filed a suit against the Federal Government, calling the threat to stop funding an infringement on states' rights. It is, said Nevada Chief Deputy Attorney General William Isaeff, "like putting a gun to our head...