Word: stockman
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...find his niche in Washington. The last top economic adviser to be appointed in 1981, he discovered that most of the major policy decisions had been made before he arrived. For a while, Weidenbaum was the peacemaker between two policy rivals: Treasury Secretary Donald Regan and Budget Chief David Stockman. Last fall, when Regan and Stockman were fighting so hard over the issue of raising new taxes that they refused to talk to each other, Weidenbaum became the intermediary...
...reported through Meese. When Clark took charge, Meese effectively lost control of the foreign policy apparatus at the White House, which had been half of his charter. In domestic policy, which loomed large in the Administration's first year, the battles with Congress were waged largely by David Stockman, Director of the Office of Management and Budget, in conjunction with Baker...
Washington's bungled budgetmaking has both enraged and frightened Wall Street, which understandably enough holds the Administration and Congress equally accountable for the present mess. Indeed, when Budget Director David Stockman offered American Stock Exchange officials assurances of lower deficits by 1985, derisive financial leaders practically hooted him off the stage...
...approved by Ronald Reagan and the Republican-controlled Senate Budget Committee. Yet no sooner had the White House and G.O.P. leaders reached that accord than congressional Democrats launched a broadside against it. Charged Senator Ernest Rollings of South Carolina, the ranking Democrat on the Budget Committee: "It's Stockman and his gimmickry. These are squishy figures...
...Wednesday afternoon, the Senate Budget Committee unanimously rejected Reagan's original February budget, 20 to 0. Majority Leader Baker then telephoned James Baker to come to his office. The White House Chief of Staff brought along OMB Director David Stockman and two aides, and in 90 minutes a new budget was hammered out. After Reagan assured Domenici of his support, the Senate Budget Committee approved the plan that evening by a partisan vote, with eleven Republicans for and nine Democrats against...