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...civics course. The decision, oddly, comes after a political outcry forced Gingrich to turn down a $4.5 million advance from publisher HarperCollins. And yet: the dynamic Speaker, who plans four days of face time in New Hampshire next month, has lately enjoyed speculation that he'll enter the 1996 GOP presidential campaign. After today's announcement, press secretary Tony Blankley added perfunctorily: "He is not a candidate and doesn't plan to be a candidate...

Author: /time Magazine | Title: BARNES & NOBLE OR BUST | 5/25/1995 | See Source »

...Senate passed theGOP's landmark planto balance the budget by 2002 (by a vote of 57-42), after relentlessly shooting down two dozen Democratic amendments designed to protect Medicare, national parks, education and other GOP targets. "We will finally begin tounpile the deficits," said Senate Majority Leader Bob Dole. "We will finally begin to speak for the future." The GOP package promises $958 billion in savings -- chiefly from Medicare, Medicaid and the elimination of 181 agencies and programs, from the Commerce Department to the Opera-Musical Theater Advisory Panel. Notably absent: $350 billion in tax cuts that more aggressive House...

Author: /time Magazine | Title: MILESTONE BUDGET PASSES | 5/25/1995 | See Source »

President Clinton's threat toveto a GOP bill dramatically slashing foreign aidhas only emboldened House Republicans. Late Tuesday, just hours after Clinton called the legislation the most isolationist in half a century, the House passed an amendment, by a vote of 276-134, that would cut $478 million more. (Sixty-three Democrats joined the Republican majority.) Today, the House went even further, voting to cut funding to international groups involved with abortions -- even where abortion is legal. A final House vote on the package is expected Thursday...

Author: /time Magazine | Title: HOUSE DEFIES CLINTON ON FOREIGN AID | 5/24/1995 | See Source »

House Republicans easilypassed their historic legislation to balance the federal budgetin a well-scripted, near-party-line vote of 238-193. The bill, which the GOP claims would lead to the first budget surplus since 1969, aims to bring to an end decades of federal deficits by wrenching an unprecedented $1.4 trillion in savings from budgets over the next seven years.Medicare and Medicaid would take the biggest hitsand hundreds of other federal programs would vanish. But majority House members -- unlike senators, who today began debating their $961 billion measure -- would try toease the painwith $350 billion in tax breaks...

Author: /time Magazine | Title: HOUSE EMBRACES KASICH BUDGET | 5/18/1995 | See Source »

...GOP presidential candidate Phil Grammadmits that $7,500 of his money somehow wound up financing a never-completed, R-rated movie called "Beauty Queens," but the Texas senator vehemently denies that he ever had any interest in financing pornography. Wednesday night, Gramm branded as false an account of the 1974 transaction by his former brother-in-law, George Caton, reported this week in The New Republic. One of the story's most damaging charges: that Gramm took an interest in movie investing after watching a film called "Truck Stop Women." TIME Austin bureau chief S.C. Gwynne notes that...

Author: /time Magazine | Title: GRAMM SLAMS "PORN" STORY | 5/18/1995 | See Source »

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