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...GOP leaders inthe House and Senate agreedlate Thursday on a compromise plan that would balance the budget within seven years, cut taxes by $245 billion and slow Medicare and Medicaid spending. "We have a deal," House Speaker Newt Gingrich told reporters, as he came out of a meeting with Senate Majority Leader Bob Dole, Senate Budget Chairman Pete Domenici andHouse Budget Committee Chairman John Kasich."You're going to love it," Gingrich said. "You get more take home pay." President Clinton, who favorsa 10-year balanced budget with fewer cuts in social services,has his veto pen ready...

Author: /time Magazine | Title: HOUSE, SENATE LEADERS REACH BUDGET COMPROMISE | 6/22/1995 | See Source »

Henry Foster lost his second and finalchance to become surgeon generalin a 57-43 Senate vote, identical to Wednesday's, that narrowly denied the Tennessee physician the 60 votes he needed to beat a threatened GOP filibuster. SinceSenate Majority Leader Bob Dolehad set a deadline of today to decide the issue, that's the end of the nomination. Democrats and Republicans alike seized on the outcome in a war of words on abortion. "By choosing to side with extremists who would do anything to block a woman's right to choose," said President Clinton, Republican opponents "have done a disservice...

Author: /time Magazine | Title: FAREWELL, DR. FOSTER | 6/22/1995 | See Source »

...what turns out to be a piece of disastrous timing,California Gov. Pete Wilsonwill declare his candidacy for the GOP presidential nomination tonight on CNN's "Larry King Live." The Immigration and Naturalization Service said today that it is investigating whether Wilson's former maid, an illegal immigrant, faked a marriage to stay in the country legally...

Author: /time Magazine | Title: THIS JUST IN . . . AGAIN | 6/22/1995 | See Source »

Time Warner fired Doug Morris, the head of its embattled domestic music operations, amid a campaign by GOP presidential candidate Bob Dole and others againstthe firm's distribution of rap and alternative music with violent lyrics. Michael Fuchs, recently named as chairman of Warner's worldwide music division, dismissed Morris and took over the domestic role himself. Morris' departure follows that of Fuchs' predecessor, Robert Morgado. The U.S. music division includes the Warner Bros. Records, Atlantic and Elektra labels...

Author: /time Magazine | Title: TAKING THE RAP | 6/21/1995 | See Source »

...presidential hopeful Pat Buchanansaid today that the U.S. should eliminate all foreign aid funding and use the money to cut taxes on American small business. Although President Clinton has called aRepublican proposal to reduce foreign aid spendingfrom $12.7 billion to $11.8 billion next year "isolationist," Buchanan is pushing the GOP to wipe out funding entirely. "The isolationist, anti-NAFTA constituency is one of three groups Buchanan is appealing to," says TIME's Laurence Barrett, "the others being the gun control people and the social conservatives. What he is trying to do is become the main alternative to all the mainstream...

Author: /time Magazine | Title: BUCHANAN . . . NO MORE FOREIGN AID | 6/20/1995 | See Source »

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