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...Newt Gingrich, who began serving in 1979, is only the 20th most senior Republican pledged to term limits
...bond market the aspect of a fierce pagan idol that can never be appeased. No sooner does the market receive one form of tribute than it finds fresh problems to worry about. Among other things, investors saw a new threat of inflation in promises by House Speakerin-waiting Newt Gingrich and other Republicans to cut taxes next year without any credible program for restoring lost revenues. "Tax cuts are not always good for the bond market,"said Joseph Carballeira, the head of U.S government- securities trading at Smith Barney. "Initially, there was a sense of optimism when the Republicans...
Worried White House operatives are cranking out executive policy options that, they hope, would allow President Clinton to stay a nimble step ahead of Speaker-presumptive NEWT GINGRICH's government-trimming, voter-pleasing butcher's knife. Proposed initiatives -- none of which the President has yet agreed to -- include merging the Interior and Energy departments and abolishing Commerce altogether. While neither step looks likely, Commerce Secretary RON BROWN is already maneuvering to keep his bailiwick intact...
...Capitol Hill. Nine years ago, as a freshman Congressman, he was dismissed by the Almanac of American Politics as "hardly likely to be a power in the House." Now he stands ready to assume his job in the next Congress as majority leader and right-hand man to Newt Gingrich, the future Speaker of the House. That might not be the sort of influence one would expect from a man whose pickup truck sports a bumper sticker that reads EAT, SLEEP AND GO FISHING. But Armey has an appetite for power and a talent for finding the straightest route...
Speaker-to-be Newt Gingrich began laying plans for the Republican takeover of the House. Gingrich said at least three committees would be abolished, others reconfigured and staff reduced all around. The new leader -- who some political analysts believe could become a dominating Speaker of a sort not seen since the turn of the century -- ignored seniority, grudges and ideology in recommending choices to head key committees. Among them: Louisiana's Bob Livingston for Appropriations, New York's Gerald Solomon for Rules, Illinois's Henry Hyde for Judiciary and New York's Benjamin Gilman for Foreign Affairs. Gingrich also said...