Word: suneel
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...federally backed small-business loan. Stephen Smith, also a business partner of newly-indicted Arkansas Gov. Jim Guy Tucker , plea-bargained for a misdemeanor charge and promised to cooperate with Whitewater investigators. "Smith was a lot closer to Clinton that Jim Guy Tucker ever was," saysTIME Washington correspondent Suneel Ratan. Worse for Clinton, Ratan says, the Smith and Tucker indictments suggest that prosecutors find credence in the related story of Little Rock judge David Hale, who -- in the most damaging charge to date -- has accused the President of participating in a 1986 scheme to defraud the Small Business Administration...
...institute a national sales tax or some other way of raising revenue. Just to make sure his plan sticks, he wants to repeal the16th Amendment, which authorized the federal income tax in the first place. Legislators do not expect to act before the 1996 elections, butTIME Washington economics correspondent Suneel Ratansays the Republican primaries promise to become a healthy free-for-all in which each candidate will push his own tax reform plan...
...Reported by David S. Jackson/Redmond and Suneel Ratan/ Washington
...Microsoft official. "If we were to try to buy Intuit ... I can't imagine anyone would be stupid enough to [purchase Money]," the manager writes. "I think they would imagine that we'd never be allowed to do it." The betting now is that Microsoft won't. --Reported by Suneel Ratan/Washington
...most of the abuse. Still, their creative use of the Medicare billing system has already cost more than $1.24 billion in the last two years. The new evidence of damage done by grifting doctors will only fuel GOP enthusiasm forreining in Medicare spending, notes TIME Washington economics correspondent Suneel Ratan. Possible GOP Medicare cuts could reach$300 billion...