Word: offsetting
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...busy weekend began Saturday with the Danmark Trophy regatta in New London, Conn., where the team sailed four morning and eight afternoon races. Juniors skipper Clay Johnson and crew Kristen Lynch won the B-division, a performance which helped offset a slow first day for the rest of the team. The Crimson finished the first day in seventh place, but bounced back on Sunday morning thanks in part to one of four second-place finishes from Johnson and Lynch...
...ends of Pennsylvania Avenue will continue quarreling about how to pay for Katrina. The conservative Republican Study Committee published a 23-page "Operation Offset" proposing such drastic measures as delaying the Medicare prescription drug program for one year. The White House points to cuts Congress didn't make that Bush proposed back in February, including eliminating or streamlining 150 non-security programs like exchanges with historic whaling and trading partners, which was restored at the behest of the Senate. A House leadership aide said the plan is to make spending cuts down the road, but probably not to do anything...
...Mike Pence (R-Ind.), the prematurely white-haired leader of the House conservative caucus, set the stage for a tense week for the two ends of Pennsylvania Avenue when he declared Sunday on ABC?s ?This Week? that to offset the cost of Katrina relief, ?We've got to talk about big ticket items.? He said the nation ?simply cannot break the bank of the federal budget that is currently running about an $8 trillion national debt, about $26,000 per family.? While House Republican leaders do not necessarily disagree with Pence, they have been publicly supportive of the White...
...economists estimate that Katrina's final price tag could easily top $200 billion. While frugal Republicans like Senator Tom Coburn of Oklahoma and Arizona Representative Jeff Flake (one of 11 members of the House to vote against the President's relief bill) instinctively called for budget cuts to offset the cost of the recovery effort, few cuts seem politically realistic. And much to the dismay of many of his colleagues, House majority leader Tom DeLay proclaimed that the G.O.P. had already trimmed most of the fat from the federal budget...
Besides providing a list of potential artists, the bill also included a budget for the concert that detailed estimated revenues—$114,500, including ticket sales—and offered a $30,000 allocation from the UC budget to offset some of the estimated cost...