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...able to maneuver key Republicans into feeling vulnerable. "They felt a lot of pressure to compromise, both from the President and from the country as a whole," he says. The result is a budget that will supposedly secure a historic balanced budget by 2002. One victory for the GOP: A break on capital gains taxes...

Author: /time Magazine | Title: The Deal Is Done | 7/29/1997 | See Source »

...getting Weld out of the Massachusetts governor's office so that a Democrat -- say Joe Kennedy, who wants the job -- would not have to run against the extremely popular Republican moderate. Now that Weld's stepped down, the President has little to gain by getting involved in the GOP's family fight...

Author: /time Magazine | Title: Mr Weld Goes to Washington | 7/28/1997 | See Source »

WASHINGTON: After three of Newt Gingrich's top lieutenants apologized for their involvement in a foiled coup attempt against him, Republicans said the episode is in the past and that the party should press ahead with the GOP agenda. The three-hour heart to heart, which Henry Bonilla of Texas described as "filled with emotion, filled with passion," ended without calls for the heads of Dick Armey, Tom DeLay and John Boehner, figures implicated in the plot along with Bill Paxon, who stepped-down last week. The lieutenants were let off the hook despite a particularly damaging account by DeLay...

Author: /time Magazine | Title: Sorry, Newt | 7/24/1997 | See Source »

WASHINGTON: In the campaign finance hearings' first long look at the other side of the aisle, eager Democrats spent the day grilling Benton Becker, lawyer for Hong Kong real estate developer Ambrous Tung Young. Becker readily described how erstwhile GOP think tank The National Policy Forum was used to funnel campaign donations from Hong Kong real estate developer Young and other foreign nationals to state GOP organizations. Becker maintained today that the RNC was well aware at the time that the money originated from a foreign company, making Young's donations illegal under US law. (The money was finally returned...

Author: /time Magazine | Title: Everybody Does It | 7/23/1997 | See Source »

...deliberately throwing out proposals that are on the extreme edge of what they want so they will have some bargaining room." The agreement leans closer to the House's version of the bill, a sticky development since Clinton considers the House proposal less acceptable even than the Senate's. GOP leaders were tight-lipped on details, but people close to the talks said the Republican proposal will allow investors to subtract the effects of inflation in calculating their capital gains and prevent the expansion of the $500 per child tax credit. Both provisions are anathema to Clinton. The bargaining table...

Author: /time Magazine | Title: Together They Stand | 7/23/1997 | See Source »

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