Word: fiscal
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Dates: during 1970-1979
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Most of the legislation on the congressional agenda reflects the members' cost-cutting mood. "Congress has an eye toward fiscal restraint," says Byrd. "In the last Congress we cut appropriations about $15 billion. In the upcoming Congress, we'll see a continuation of that mood." Edmund Muskie, chairman of the Senate Budget Committee, says he is determined to hold the line on spending. He admits that his committee work has modified his views. "I have been educated," he says. "I have become convinced that we've got to be more prudent and restrained and selective...
...combat inflation, Jimmy Carter has proposed a relatively lean fiscal 1980 budget of $531.6 billion with a deficit of $29 billion. Congress may want to reduce it even more. At his first meeting with legislative leaders on the second day of the session, Carter was pleased to learn from an aide that there is a "good mood on the Hill, an attitude of 'Let's get to work on the tough ones right away.' " So the President immediately threw a couple of tough ones into the hopper. Once again, he has asked for his hospital cost containment...
Congress is also expected to give Carter's fiscal 1980 budget some rough handling. Quips G.O.P. Congressman Barber Conable of New York: "It's going to be a Republican Congress-full of Democrats." House Speaker Tip O'Neill has been fretting that if Carter trims too much from the budget, there will not be enough for Congress to slash to impress the folks back home. Yet whatever Carter cuts will evoke outcries from some special interests that are sure to be used to good advantage by the man the President fears the most, Ted Kennedy. In talking...
High occupancy and rising rates lead to enviable profits. Earnings of Holiday Inns were up 24% in the first nine months of 1978, while Marriott ended its fiscal year up 30%. Hilton had the highest earnings for any month in its history last October: $9.3 million...
Outside the church members of the Southern Christian Leadership Conference protested against expected cuts in social welfare programs in Carter's budget for fiscal...