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...billion in spending, raises $243 billion in new revenues and promises to reduce the deficit about $490 billion over the next five years. While some details remained to be worked out Monday, the big breakthrough came Thursday night when Moynihan and House Ways and Means Committee chairman Dan Rostenkowski agreed to accept the Senate proposal for a 4.3 cents-per-gal. hike in the cost of gasoline. Senators from rural states, led by Montana's Max Baucus, had declared the 4.3 cents hike a ceiling and refused to support anything higher. Though Moynihan floated 6.5 cents and 6 cents alternatives...

Author: /time Magazine | Title: Buddy, Can You Spare a Vote? | 8/9/1993 | See Source »

Chicago -- If the loyalty of staff in times of trouble is any indication of a politician's fate, then DAN ROSTENKOWSKI's future may not be bright. The chairman of the House Ways and Means Committee faces the threat of prosecution for embezzlement, and his senior aides are experiencing a grave crisis of confidence. Concerned and panicky, some employees of the Congressman who have been with him for many of his 16 terms are working the halls on Capitol Hill looking for new jobs and angling for yet-to-be-filled Administration posts. Rostenkowski has denied that he engaged...

Author: /time Magazine | Title: Informed Sources: Aug. 9, 1993 | 8/9/1993 | See Source »

...ROSTENKOWSKI...

Author: /time Magazine | Title: Winners & Losers: Aug. 2, 1993 | 8/2/1993 | See Source »

Indictment for Rostenkowski...

Author: /time Magazine | Title: News Digest July 18-24 | 8/2/1993 | See Source »

Just as he assumed center stage in the delicate negotiations to craft a House and Senate compromise on the President's budget plan, Illinois Representative Dan Rostenkowski, chairman of the House Ways and Means Committee, found himself under the threat of a criminal indictment. His troubles resulted from last week's guilty plea by former House postmaster Robert Rota, who admitted that he had helped several unnamed Congressmen embezzle tens of thousands of dollars from the House Post Office. A comparison of court papers with public records indicated that Rostenkowski may have been one of these Congressmen. He denies...

Author: /time Magazine | Title: News Digest July 18-24 | 8/2/1993 | See Source »

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