Word: loan
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WASHINGTON, D.C.--The tax and budget legislation that President Clinton signed into law on Tuesday includes $40 billion in tax breaks for college students and their families over the next five years, representing the largest change in federal higher education assistance since the establishment of the student loan and Pell Grant programs three decades...
...NEWT GINGRICH, was blamed for isolating the House Speaker, antagonizing enough Republican brethren to threaten Newt's leadership post earlier this month. Now it turns out Gaylord took $7,500 a month from a Republican think tank so cash starved that HALEY BARBOUR had to obtain a $2.1 million loan guarantee from a Hong Kong businessman to make good on its debts. The National Policy Forum's payments of about $112,000 to Gaylord in 1995 and 1996 were disclosed in the Senate donorgate hearings last week. Barbour, who chaired both the forum and the G.O.P., testified that Gaylord...
WASHINGTON: As beefy as Haley Barbour is, he's a hard man to pin down. In testimony Thursday before the Senate campaign fund-raising inquiry, the former RNC chairman dismissed charges that he used the National Policy Forum to funnel a $1.6 million 'loan repayment' into RNC coffers as "infuriatingly phony" and "outright false." Barbour even tried to turn the tables on Democrat John Glenn by coyly referring to the senator's own experience on the other side of the microphone during the 1989 "Keating Five" investigation. "I understand very well the resentment that boiled up in you during that...
...Hong Kong tycoon Ambrous Tung Young. Barbour had offered Young a voice in shaping U.S.-China policy for the new think tank of the G.O.P.'s congressional majority. And by the way, Barbour added, the party needed a favor. Could Young forgive what remained of a $2.2 million loan that his overseas firm had guaranteed so the Republican Party could stop pouring money into the think tank and pour money into campaigns instead...
...delusions that Federal Government workers were his enemies and that he was driven to attack them. But to deliberately choose a time that would kill the most people defies imagination. The retiree checking on his Social Security payment was McVeigh's enemy? The veteran applying for a Veterans Administration loan was his enemy? Parking a van loaded with explosives in front of a day-care center and blowing up 19 babies? No amount of psychobabble and stories about McVeigh's childhood can explain an act so heinous. ERICA PASCAL Chicago...