Word: domenici
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...When Domenici's budget was passed by theSenate, the NIH was looking at a cut of at least$1.1 billion next year, roughly 10 percent of theagency's funding. The House of the agency'sfunding. The House version of the budget proposeda $500 million cut for the NIH next year...
...more recently, Sen. Mark O. Hatfield(R-Ore.), chair of the Senate AppropriationsCommittee, introduced two amendments to thebudget, either one of which would partiallyrestore the 10 percent cut in NIH funding assumedin the Domenici budget, leaving a cut of $1.7billion over the next seven years...
...budget amendment, along with some goading by Democrats, steeled them to pursue the battle by other means. "The change in the temperament of the people seems to make it easier than reducing the deficit in the past has ever been. It's a lot different," says an elated Pete Domenici, the Senate Budget Committee chairman. "I find it much easier to lead, much easier to get Senators to concur that we no longer have the luxury of fiddling around the edges...
Like most revolutions, the one Kasich and Domenici aim at will not be accomplished without savage battles. The Democrats launched a withering barrage against the proposals even before they were fully spelled out. Reporters filing into the White House briefing room for the start of two days of oratory from top Administration officials found the theme enunciated even before the speechmaking started. A chart on an easel bore the headline cutting medicare to pay for tax cuts for the wealthy. Cabinet secretaries, economic officials and most of all White House Chief of Staff Leon Panetta banged away relentlessly; they criticized...
...billion -- money that goes to bondholders such as Ross Perot, who in 1992 reported that a chunk of his then $3.3 billion fortune was invested in low-risk government securities. Interest is one of the items targeted for massive cuts under G.O.P. budget plans -- $155 billion under Senator Pete Domenici's proposal. Moreover, the cbo states, mere passage of a credible balanced-budget plan could lead the bond market to bid down interest rates almost immediately, lowering the cost of financing the government's existing debt an additional $170 billion over the next seven years...