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...carries a price. They know that with no economic plan in place in the second month of the fiscal year, each week lost means more cuts will be needed to meet the budget targets of fiscal 1996. And nothing is more important in proving their credibility to voters. A seven-year budget is, after all, merely a promise--a plan that can be rewritten with each new session of Congress or thrown out completely. "Really, what matters is this first year," says Indiana freshman Mark Souder. "That's what we have to run on." This is another way of saying...

Author: /time Magazine | Title: THE FRESHMEN GO NATIVE | 11/20/1995 | See Source »

President Clinton and the Republican congressional leadership met behind closed White House doors to discuss how to bridge their differences over the G.O.P.'s seven-year balanced-budget plan, which includes large tax cuts and a Medicare overhaul. In an unsurprising development, no agreement was reached--not on the budget plan and not on an extension of the nation's debt ceiling, which is scheduled to expire sometime this month. Republicans have said they won't agree to more than a brief extension of the debt--which must be approved by Congress and is necessary to avert default on billions...

Author: /time Magazine | Title: THE WEEK: OCTOBER 29-NOVEMBER 4 | 11/13/1995 | See Source »

...overwhelming victory that should embarrass other politicians who cavalierly throw around the word landslide, Iraqi President Saddam Hussein won a 99.96% approval rating from Iraqi voters and was sworn in for another seven-year term. Even in the once rebellious city of Karbala, not one of the 270,867 cast a vote against Saddam. Of course, there were no other candidates on the ballot, and soldiers were on hand to make sure voters did the right thing...

Author: /time Magazine | Title: THE WEEK: OCTOBER 15-21 | 10/30/1995 | See Source »

Following a massive lobbying effort by then-president Derek C. Bok, the University was granted a seven-year delay to adjust to the end of mandatory retirement...

Author: By Jonathan N. Axelrod and Todd F. Braunstein, S | Title: Schools Consider Faculty Aging | 10/27/1995 | See Source »

Under the GOP's seven-year plan Medicare would be cut by $270 billion from President Clinton's proposal of $1.9 trillion. Republicans also propose slashing Medicaid $180 billion, leaving $900 billion in funding for the entitlement program, according to Kennedy...

Author: By Gregory F. Corbett, | Title: Kennedy Blasts GOP's Medicare Cuts | 10/5/1995 | See Source »

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