Word: rescinds
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Dates: during 1970-1979
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Under the new law, a President who orders troops into action abroad or "substantially" increases the number of foreign-based U.S. troops equipped for combat must report the reason for his action to Congress within 48 hours. Congress could then rescind his order at any time by passing resolutions, which are not subject to White House veto, in both houses. Even if such resolutions are not forthcoming, the President must halt the operation after 60 days unless it has been approved by Congress, though he could prolong it another 30 days by certifying that the additional time is necessary...
Dean said he was then told by Ehrlichman to get word to Hunt "to get out of the country." Dean did so, but later the two reconsidered, thought it unwise, and tried to rescind the order...
Securities men are divided on how the industry can be revived. New York Stock Exchange officials are considering commission-rate increases; that might bolster brokers' incomes temporarily, but it seems a dubious way to win back customers. Many brokers would like the Nixon Administration to rescind its "voluntary" 4% guideline on dividend increases, so that common stocks can compete more effectively with bonds and other fixed-income securities. To win back investors who have turned to commodities for fast action, the American Exchange is considering a plan to allow trading in options, which are agreements to buy or sell...
...Office of Management and the Budget had asked HEW to rescind funds for the Indian schooling program soon after it was passed by Congress, Million said...
...Cambridge School Committee voted unanimously last night to rescind letters of dismissal that were sent to 13 administrators in the school system in mid-April...