Word: recessions
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...newly united Democrats came unglued. As haggling over a 1988 budget resolution split the House and Senate Democrats, Congress came to a near standstill for almost six weeks. The Washington Post derided the "Flubbocrats," and Senate Majority Leader Robert Byrd, stymied on other fronts, threatened to delay the August recess if his dilatory colleagues did not buckle down...
...first big congressional showdown should come just before the August recess when three legislative issues may be resolved: an increase in the federal debt limit, the reconciliation of the authorizing bills with the budget committee's guidelines, and the need to redress problems in the Gramm- Rudman-Hollings Balanced Budget law. The Democrats will be at a particular disadvantage when they begin earmarking their tax increases: proposals for excise taxes on cigarettes, liquor or gasoline are sure to outrage various constituencies. Says South Carolina Senator Fritz Hollings: "I don't know how ^ we're going to get the Democrats together...
...would become Canada's largest corporate takeover, and it is already a political football. When the House of Commons returns to work this week from Easter recess, lawmakers may take up the proposed $3.9 billion buyout of Dome Petroleum by the Canadian arm of Chicago-based Amoco, fifth largest U.S. oil company. Dome's board, faced with $4.9 billion in debt, last week accepted the offer. But Toronto-based TransCanada PipeLines, which underbid Amoco by $600 million, vows to keep up the fight...
...rebels. The Administration had been cautiously planning to stall until next fall on its request for $105 million in new contra aid. Last week, however, U.S. officials said the rebels will need additional funding well before then. The Administration plans to push for new appropriations before the summer recess...
...meantime, the uproar over the tax proposal has paralyzed the Diet. Last week, nearly two months behind schedule, the Diet's Budget Committee finally opened debate on the budget for the new fiscal year that begins April 1. But legislators will probably be unable to reach agreement before they recess to campaign in the local elections. Meanwhile, the Diet will be required to pass a provisional budget to pay the government's bills...