Word: omb
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Dates: during 1980-1989
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...increased work load of the Office of Management and Budget, Stockman asked for a 12% increase in appropriations for his agency. Said liberal Democrat Edward Roybal of California, "Children will be left hungry, the aged left weary and cold, the truly needy wanting, and Mr. Stockman thinks his OMB's duties should take priority." A House Appropriations subcommittee denied the request. -By Walter Isaacson. Reported by Douglas Brew and Neil MacNeil/Washington...
Regan, a self-described Washington "novice," admits that he was off to a slow start in organizing his staff. Being overshadowed by the boy wonder (Stockman is 34) at OMB did not help matters and led to what Regan called "demeaning" press speculation about a rivalry between the two. In fact, the pair clashed openly only once-in May, when Stockman made a statement that seemed to contradict Regan's no-compromise stance on the President's tax cuts. Notorious at Merrill Lynch for his explosive Irish temper, Regan retaliated. With White House approval, he called in several...
...House committees last week not only ignored the Administration's block-grant philosophy, but, according to Office of Management and Budget officials, also made "phony, even fraudulent" spending cuts that will inevitably be reversed-such as the elimination of 10,000 post offices. The solution being considered at OMB: introducing in Congress a detailed, 4,000-page Administration alternative to the House Budget Committee's reconciliation package, complete with the serious spending cuts and program-absorbing block grants that Reagan wants. That would surely provoke a second budget battle more heated than the first. -By Walter Isaacson. Reported...
...same time, the White House gave the Office of Management and Budget the authority to make sure that such rules and regulations are really cost effective. If not, OMB can reject them. In cases of dispute, a regulatory task force headed by Vice President George Bush will rule on the issue...
...most serious dispute centers around the Pentagon's inflation estimate. Secretary of Defense Caspar Weinberger, backed by OMB Chief David Stockman, insists that inflation will fall much faster than most economic forecasters predict. Weinberger has jiggered his budget accordingly by adding billions of dollars worth of armaments. Yet many Pentagon backers in Congress are afraid that support for increased defense spending will quickly erode if Weinberger's economic forecasts prove too rosy and defense estimates start spiraling upward while Congress is simultaneously slashing domestic programs. Says Democrat Sam Nunn of Georgia, long an advocate of rejuvenating the military...