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However, most lawmakers conceded the blueprint would fail to meet the $108 billion deficit target of the Gramm-Rudman budget-balancing law. Democrats argued it did more to cut red ink than any other option, including the president...

Author: NO WRITER ATTRIBUTED | Title: House Passes $1 Trillion Budget | 4/10/1987 | See Source »

Senators voted to add more than $120 million to the popular Pell grant program and maintain funding for Guaranteed Student Loans. But under pressure to reduce the federal budget deficit by $36 billion in order to meet Gramm-Rudman targets, lawmakers also recommended that funding of smaller financial aid programs be reduced...

Author: By John C. Yoo, | Title: Senate Committee Approves Aid Increase | 4/9/1987 | See Source »

Reagan opened the 39th news conference of his presidency by uttering a "rock solid" pledge to veto any attempt in Congress to raise income tax rates. And he called on the House and Senate to adhere to the requirements in Gramm-Rudman legislation to make new spending cuts...

Author: NO WRITER ATTRIBUTED | Title: Reagan Holds First Press Conference in 4 Months | 3/20/1987 | See Source »

...Watergate special prosecutor, agrees, partly because the position has "too much power." The Supreme Court may be sympathetic to such arguments. It has recently been a strong upholder of the separation-of-powers doctrine, in decisions like last year's ruling striking down the provision of the Gramm-Rudman-Hollings budget-balancing law that gave enforcement powers to the General Accounting Office...

Author: /time Magazine | Title: Picking On the Prosecutors | 3/9/1987 | See Source »

Winning votes for any type of foreign assistance is one of the toughest jobs in Washington. With domestic social programs tightly curtailed by Gramm-Rudman spending limits, few Congressmen can politically afford to support more overseas aid. Thus while the U.S. remains the world's largest single source of foreign giving, its contribution is the smallest among major industrial nations when measured as a fraction of gross national product...

Author: /time Magazine | Title: Third World Hard Times for Foreign Aid | 2/9/1987 | See Source »

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