Word: loath
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...failing to take any tough deficit-reduction measures that might remove the heat from prices and interest rates. The Administration has little real chance to hit the Gramm-Rudman target without a tax increase, which Bush has ruled out, or politically unpopular spending cuts, which the President seems loath to initiate. Bush's strategy of leaving the hard choices to Congress has led so far to budget gridlock. Concedes a senior Administration official: "If Congress accepts our budget, economic growth and inflation and interest rates will take care of themselves. But if the bickering drags on, the Fed is going...
...agonize over passing judgment on another of its own: in the dock in 1967 was Connecticut's Thomas Dodd, eventually censured for a misuse of campaign funds. Now happily back on the Hill after a two- decade hiatus reporting on national politics, Gorey finds Congress is still just as loath to bring down a colleague...
That may well be the way in which the gas tax becomes more attractive: by default. "Everything else is worse," says economist Lester Thurow, dean of M.I.T.'s Sloan School of Management. For instance, Congress will be loath to fiddle with personal income tax rates so soon after the landmark Tax Reform Act of 1986. And while additional "sin" levies on alcohol and tobacco will be an option, they would raise far less revenue than a comparable gasoline-tax hike. At the same time, a national sales tax would be a complex experiment that lawmakers seem unlikely...
...Congress may get rid of a judge for an impeachable offense," said Edwards. "Since Congress is loath to impeach federal judges, this leaves a large category of judiciary misconduct that is safe from regulation...
When Alan Greenspan became chairman of the Federal Reserve Board a year ago, no one expected him to behave like a blindly loyal servant of the Republican Party. But some skeptics feared that his long-standing ties to the G.O.P. would make him loath to hurt Republican chances during a presidential campaign by raising interest rates, even if such a move seemed necessary...