Word: tiding
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...Reaganomics: a program that over three years would cut spending by $119.6 billion and reduce taxes by $266 billion. But these elements, when added to a budget that was already out of balance, led to projections of record deficits exceeding $150 billion a year. Most economists feel this tide of red ink is largely to blame for the lingering high interest rates. One reason is that financing the federal debt threatens to soak up much of the available investment capital. Another is that the fiscal irresponsibility suggests that the notable progress made in cutting inflation is only temporary. The high...
...whirlwind of high-pressure politics, Ronald Reagan was waging the most perilous and difficult fight of his presidency. The stakes were high. If he failed to persuade Congress to pass a deficit-checking $99 billion three-year tax hike, the already swollen tide of red ink in the federal budget would rise even higher, swamping hopes for economic recovery and threatening deeper recession. Politically, a President who seemed to have a magic wand for passing major legislation would have shown that he could no longer control even his own party on Capitol Hill. The myth of the Great Communicator...
...appeared that Reagan had succeeded in keeping the conservative rebellion from spreading and had begun to turn the tide of opposition. His all-out fight had "slowed the erosion" of support for the bill, New York Republican Congressman Barber Conable told TIME Correspondent Neil MacNeill. "The rebellion isn't feeding on itself now. His strong intrusion has made people cautious...
...gain in stature has been accompanied by a toughening approach toward Israel, the U.S. and the Camp David peace process. Vows a senior Egyptian official: "Egypt will not participate in the Palestinian autonomy talks again until the complete withdrawal from Lebanon by Israel." Pushed by a rising tide of anti-American and anti-Israeli popular sentiment, Mubarak is determined to win real concessions in exchange for future cooperation. Says a Western diplomat in Cairo: "He is consumed with the need to keep ahead of his domestic critics and be viewed in Egyptian opinion as doing his utmost...
When he was Secretary of State, Edmund Muskie tucked a hand-penned message into Jimmy Carter's evening reading "to keep the personal touch." In secret deliberations when the tide seemed to be running against the interests of President Kennedy or Johnson, Secretary Dean Rusk often would scribble a short plea on note paper and slip it unobtrusively to the man beside him. The message: "Don't make a decision now, Mr. President. Let me see you later." Henry Kissinger had a pact with Gerald Ford to meet at least a half-hour every working...