Word: hud
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Dates: during 1980-1989
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...Republican big shots like James Watt can collect $400,000 for a few phone calls to HUD, why shouldn't a member of the Republican Senatorial Inner Circle get a few thousand for lobbying top officials face to face? That may have been the reasoning of Larry R. Smith, a Harrisburg, Ill., free-lance writer who received an invitation from George Bush to join the circle and submitted a $1,000 membership...
...next four weeks, Congress and the Bush Administration must raise the federal debt ceiling to $3.1 trillion, find a way to reduce next year's deficit -- on paper at least -- to $110 billion, and scrounge for funds to finance the drug war, educational reform and cleanups of the HUD mess and even of the storm-ravaged South Carolina coast...
...HUD inspector general Paul Adams had repeatedly warned his boss, Secretary Samuel Pierce, about the problems and had been repeatedly ignored. Last week the Government Accounting Office reported that the losses in just one HUD program, the Federal Housing Administration, totaled $4.2 billion -- five - times the amount the Reagan Administration had conceded. That bill lands on top of the $300 billion or so needed to rescue the savings and loan industry -- another problem that Washington chose to overlook while the losses mounted...
...decisions awaiting the Bush Administration. What the demonstrators want is high-priority consideration of the housing issue. What they want are answers. Will Bush and the Congress produce a housing policy to compensate for eight years of abuse and neglect at the Department of Housing and Urban Development (HUD)? Will they reinvigorate that atrophied agency, currently limping along on a $7 billion budget, slashed from $32 billion since Reagan took office...
After leaving the agency, Wilson invested in several projects that received lucrative subsidies from HUD and helped his employer, Paine Webber, obtain business with HUD...