Word: hud
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Dates: during 1990-1999
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Weld's plan gives limited protection to anyone earning less than 60 percent of the federal Department of Housing and Urban Development (HUD) median-income guidelines, and for elderly and disabled tenants earning less than 80 percent of the guidelines...
Just days after pledging to shrink the Department of Housing and Urban Development as part of the ongoing tax-cut frenzy, President Clinton today pledged up to $3.5 billion in HUD grants and tax breaks to 106 economically-distressed communities. The biggest winners are three cities and six rural areas designated as "empowerment zones," a scheme designed to lure business to depressed areas first championed by conservative former HUD Secretary Jack Kemp. The urban zones -- Atlanta, Baltimore, Chicago, Detroit, New York and Philadelphia-Camden, N.J. -- stand to receive $100 million each in flexible grants and tax breaks for local businesses...
...Newt Gingrich announced his plan to sell one of five House office buildings, jealous Clinton aides one-upped the Republican leader with a plan to padlock an entire federal agency. Hearing of this, Republican leaders late last Friday began work on a new budget plan to close four agencies: HUD, Energy, Education and Commerce. The bidding war exasperated one official. "Now we're in a situation," he said, "where if we don't abolish three agencies, we look weak...
...Probably next on the block, White House aides whispered: cutting DOT's staff of 106,000 in half over two years; eliminating money-losing Amtrak's subsidy over five years, cutting in half the Department of Energy's annual budget to $10.6 billion; and scooping about $700 million from HUD's nearly $30 billion budget. Overall, Clinton says he can cut $76 billion from the federal budget over five years -- leaving $16 billion for deficit reduction. Still, about $52 billion of the cuts are unspecified. Aides say most won't take effect until the end of the decade. The incoming...
...critical nationally televised address President Clinton is set to deliver Thursday night. Administration officials names the departments of Energy, Transportation, Housing and Urban Development, and Health and Human Services. All four were considered for complete elimination, but were spared after their heads agreed to severe budget cuts. HUD, for instance, may be trimmed by selling off some of its public housing stock and making the Federal Housing Administration, which guarantees mortgages, an independent agency. The DOE was saved only after Secretary Hazel O'Leary agreed to slash $22 billion over five years from her budget, which this year totals...