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...Organization of American States shouted as Clinton arrived for the ceremony. Clinton's reply to the public: "We must never run away from the world." The treaty cuts global tariffs almost 38 percent and does away with other trade barriers. Congress approved the agreement only after incoming Senate GOP Majority Leader Bob Dole pushed for a clause allowing the U.S. to drop out if it felt other trading partners gained unfair advantage.Post your opinion on theWashingtonbulletin board...

Author: /time Magazine | Title: CLINTON INKS GATT | 12/8/1994 | See Source »

...aggressive" schedule for sea-based and ground-based anti-missile defense systems -- not a huge effort that could lead to deployment of a continental missile defense system. "That's where I think the debate is going to be in the Congress," Perry said.Perry's remarks suggest that the GOP right won't get a huge Star Wars budget, but instead can expect token defense spending hikes, saysTIME Pentagon correspondent Mark Thompson. Expect the GOP to extract some concessions from Clinton in exchange for a scaled- down Star Wars program. "I think Star Wars spending is going to increase...

Author: /time Magazine | Title: PERRY ZAPS STAR WARS | 12/7/1994 | See Source »

BLOCK TAX HIKES, HILL FUNDING: House GOP members capped three days ofrapid-fire proposalsto reduce the size, influence and purse of the Congress today with a Republican vote to require a supermajority of three-fifths of the House to approve almost any personal and corporate income tax hikes. (The idea, which goes to the House floor Jan. 4, makes it much harder to raise taxes than under the current 51 percent vote required.) The tax reform package, a key element of the party's 10-point "Contract with America," also bans retroactive tax increases and allows leeway only for revenue...

Author: /time Magazine | Title: GOP | 12/7/1994 | See Source »

Among the GOP's cost-cutting votes today: a ban on "commemorative" declarations like National Good Teen Days and National Domestic Violence Awareness Month -- measures it says eats about $300,000 a year. House Speaker-elect Newt Gingrich called the commemoratives a "feel-good" function of publicity-seeking Democrats: "What we are saying to people is we believe a smaller government with less of a burden, with less intrusion in your life, will make you feel even better...

Author: /time Magazine | Title: DOG DAYS FOR "HOLIDAYS" | 12/7/1994 | See Source »

After lying low since the GOP midterm election sweep and enduring criticism even from his Democratic allies,President Clinton made a vigorous comeback speechto the Democratic Leadership Council last night -- with a few defensive barbs. "Join me in the arena, not in the peanut gallery," Clinton told the moderate group he once led, referring to current chairman Oklahoma Rep. Dave McCurdy, who just hours before saddled him with the label "transitional figure." The president then issued a battle cry to Democrats that implied he'd work to reclaim the center for the party's -- and his own -- welfare. After praising...

Author: /time Magazine | Title: CLINTON COMES OUT FIGHTING | 12/7/1994 | See Source »

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