Word: deficits
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Dates: during 1980-1989
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Scaccia and other committee members said Dukakis should have submitted a smaller spending recommendation since he faces a $636 million deficit for the fiscal year ending June...
...reassure financial markets that he is serious about attacking the deficit, Bush held two hour-long sessions with congressional leaders. His aides knew lawmakers would decline their offer of a full-fledged budget summit with the White House, but the feint did nothing to hurt the mood on Wall Street: the New York Stock Exchange surged all week, closing Friday 87.5 points higher than the week before. Moreover, after years of sleepy meetings with Ronald Reagan, the Congressmen could barely contain their enthusiasm for the more engaged Bush. Many seemed astonished that a President could think and talk extemporaneously...
...Congress. For one thing, ESOPs were never intended as a way for corporate managers to entrench themselves against takeover bids or for corporate raiders to enrich themselves. For % another, the cost of providing the tax breaks is running as high as $3 billion a year at a time when deficit cutting is urgent...
...most observers are waiting for February 9, when Bush will unveil his budget plan, before passing final judgement. In the end, experts say Bush, like Reagan before him, will be measured by his ability to reduce the deficit and avoid a recession. Lacking a clear mandate for other policies, the Bush legacy may hinge solely on the balance sheet for 1989 through...
Says Gradison, a senior House Republican, "Bush in 1992 is going to have to face the question of what progress has been made in moving towards the elimination of the budget deficit...