Word: surplus
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During the past few winters, which have been milder than those one, there has been a $20,000 surplus in the snow budget, said Rossi, adding that the left-over money goes to a general fund and is appropriated during the next fiscal year...
Leaks are to Washington as cars are to Detroit. "Unauthorized disclosures" are the capital's chief commodity, and recently the city has had to cope with a surplus. Before the Senate Intelligence Committee managed to finish its probe of the Iran-contra affair last month, several versions of its report got into circulation prematurely. Minnesota's David Durenberger, the ranking Republican, even slipped the findings to Ronald Reagan; word of that indiscretion also leaked, provoking a minor uproar...
...more effectively when dealing with foreign competition. The Administration suggests that the entire trading relationship between the U.S. and any alleged offending country be a factor in considering retaliation for any unfair trading practices. That would allow the Administration formally to take into account any U.S. trade deficit or surplus with each country, as well as the openness of both national marketplaces to similar export products. Theoretically, Washington could then impose tariffs or trade quotas on those that have a trade surplus with the U.S. The fact is that the Administration already takes such factors into account on an unofficial...
...tide. Democratic Representatives have resubmitted a tough trade bill that the House passed last year but that died in the Senate. Included in that bill is a controversial amendment sponsored by Democratic Representative Richard Gephardt of Missouri. It provides that countries with highly protected domestic markets that run large surpluses with the U.S. would face automatic trade restrictions unless the surplus is reduced by fixed percentages annually. Gephardt's proposal would remove virtually all presidential discretion in dealing with such bilateral trade difficulties...
...rebel troops wore into a third day, attention shifted to Hawaii. There, at Honolulu International Airport, a private 707 jet was discovered parked on a runway, waiting to fly Marcos home from his Hawaiian exile. A few days earlier Wife Imelda had been spotted in a Waikiki military-surplus store buying $2,000 worth of combat gear. Moreover, a videotape had been seized in Manila that showed the deposed Marcos lifting dumbbells, shadowboxing and praying to return home. The cumulative impact hit like a bombshell. The Aquino government quickly alerted American officials, who bluntly warned Marcos that if he tried...