Word: nicaraguan
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...same time, sources disclosed that House and Senate investigating committees intend to vote today for limited immunity for at least four people in the affair. They include Richard Gadd and Robert Owen, two men who were involved in once-secret efforts to aid the Contra rebels fighting the Nicaraguan government...
...single issue in the Iranscam mess could still cause irreparable harm to the Reagan presidency, it is the purportedly illegal diversion of funds from Iranian arms sales to the Nicaraguan contra rebels. Ronald Reagan has denied any knowledge of the labyrinthine transfer, via Swiss bank accounts, of at least $23 million to the contras. The President repeated his denial during last week's televised speech, and the Tower commission discovered nothing that directly contradicted his assertion...
...contras say about who supplied them with funds during 1984 and '85, when Congress officially had cut off their U.S. backing? Following a two-day session with a grand jury in Washington, Contra Leader Adolfo Calero declared that retired Generals Richard Secord and John Singlaub had helped the Nicaraguan rebels to "engineer" arms deals worth millions of dollars. Calero also declared that his own contra group, the Nicaraguan Democratic Force, had received $32 million from non-American private donors. (Actually, most of that money is known to have come from Saudi Arabia's King Fahd...
...presidential comeback of any sort was long overdue. For three months Reagan had refused to speak out on the crisis that swirled about him. Since the diversion of Iran arms profits to the Nicaraguan contras was disclosed last Thanksgiving week, the President had made only one major public appearance: his recycled State of the Union address in January. But the Tower commission's report, with its damning disclosures of ineptitude and malfeasance, seemed to serve as a catharsis for the White House. Finally, now that the Administration's sins had been exposed, the President was forced to act decisively, beginning...
...President's first confrontation with the new Congress could come immediately. Last week Reagan made a formal request to the lawmakers to release the last installment of $100 million in aid that was granted to the Nicaraguan contras in 1986. To win the release of the $40 million, the Administration had to certify that peaceful efforts to reform Nicaragua's Marxist Sandinista regime have been futile. Congressional Democrats hope to counter Reagan's move by imposing a moratorium on any further contra aid until the Administration accounts for money that has already been sent to the rebels, including the funds...