Word: tightener
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...moved from 11% to 13%, pushing up the cost of borrowed money. Market watchers have feared that the Government's need for funds to finance the deficit and the loan demand of corporations trying to keep up with the quickly growing economy would force the Federal Reserve to tighten the money supply. The result: higher borrowing costs, which would cause depressed corporate profits...
...Latin countries resent being asked to tighten their belts when Congress has been so slow to tackle the U.S. budget deficit. The House has passed a modest plan to lower spending and raise taxes by $182 billion over three years, while the Senate has approved an even less ambitious reduction package that adds up to $142 billion through 1987. Such efforts will still leave the annual deficit in the unacceptable $200 billion range...
...investors turned once more to their favorite sport: watching the Federal Reserve Board's every move. The policymaking Open Market Committee is due to meet early this week to review the state of the economy and set interest-rate guidelines, and many moneymen fear that it will tighten up rates because of the first quarter's strong growth. Federal Reserve Chairman Paul Volcker conceded last week that the economy is facing a "critical period...
...weapons, a treaty banning the testing of new ones, an agreement on avoiding an arms race in space. Opposes build-down idea of removing two warheads for each new one deployed, because he feels it is at odds with the freeze. Advocates Senate ratification of SALT II. Wants to tighten controls on the export of nuclear materials. Urges treaties banning chemical and biological weapons if compliance can be verified...
...continue paying for the inherent contradiction of Soviet society: the desire to be a military superpower while having the economy of a semiadvanced nation. Says Economist Marshall Goldman, associate director of Harvard's Russian Research Center: "The Soviets have the slimmest waistlines in the world. They can always tighten their belts another notch...