Word: paring
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Dates: during 1980-1989
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...industrywide sales have slumped, automakers have redoubled efforts to pare overhead costs. Corporate staffs have been reduced, inefficient plants closed, and new manufacturing methods introduced. By far the most stringent cost-cutter is Chrysler, which has cut its work force from 157,958 to about 75,000 since 1978 as its annual sales have dropped from 1.1 million to 730,000. The result: after four years of losses and near-bankruptcy in 1979, the company made $258.6 million during the first six months of 1982, and could wind up in the black for the entire year. Even so, Chrysler...
Said Rivlin of Congress's frustrating battle to pare spending: "The whole struggle has been terribly discouraging. Congress's tax-increase and spending-cut actions have been considerable, but at the same time, the recovery has been weaker than had been assumed in the spring, and as a result, revenues have tended to be lower. As a consequence, the best that can be said is that the deficit has leveled off from an increase that otherwise would have happened...
...presidential travel sometimes stuns even Presidents-including Ronald Reagan. Before his summer vacation last year, Reagan demanded that his aides explain why nearly 200 Government employees had to be flown to California to stand by while he rode horses and chopped wood at his ranch. No way to pare the list, the aides replied: wherever he goes, the President must be in instant communication with any part of the world, guarded round the clock and accompanied by an ever growing press corps...
...budge an inch just yet. After last week's meeting with G.O.P. congressional leaders, one White House aide described the visitors' views on the chances of the President's budget being passed as "twofold: slim and none." In his continuing campaign to stir up proposals to pare the President's whopping deficits, Republican Senate Majority Leader Howard Baker himself suggested a temporary surtax of 5% to 10% on individual income taxes in 1982. The plan would net an estimated $37 billion and pay for the Administration's defense buildup, but would effectively cancel Reagan...
...Administration is pursuing what one aide calls a "strategy of patience." Indeed, Administration officials feel that the President's hand will be strengthened if Congress is unable to agree on a comprehensive alternative or if the economy picks up this spring. No matter what happens, pressure to pare down the 1983 deficit will increase by late April, when Congress will be forced to vote to raise the national debt ceiling. To win the support of his own party, the President will probably have to scale back substantially his deficit projections...