Word: trim
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...President decides to trim the budget, again, rather than his sails...
Helms was among those voting to trim the milk price supports. The next day, when peanut programs came up for a vote, he found milk-state Senators and others lining up against him. Agriculture Committee Member Richard Lugar, a Republican and former mayor of Indianapolis, came close to defeating both the committee's proposal to raise peanut price supports from $435 to $596 a ton and the system of allotments, which are Government franchises that limit the acreage on which peanuts can be planted. Helms was finally able to save the price support increase, but not the allotment program...
...department is shifting course on other important fronts. William Baxter, chief of the department's antitrust division, will ease the regulations on corporate mergers, and announced that only those couplings that hit the consumer with higher prices will be challenged. Smith is also seeking to trim the Freedom of Information Act and repeal the Ethics in Government Act's requirement that a special prosecutor be named when a high federal official is suspected of a crime. Moreover, the Attorney General last week abolished a set of guidelines adopted by the Carter Administration to limit Government lawsuits against "whistleblowers...
...airlines, the PATCO walkout is not nearly as damaging as had been feared. Many carriers are using it as an excuse to lay off unneeded employees, sell fuel-inefficient aircraft, trim unprofitable routes, goad pilots into working more hours a month and otherwise shape up their companies. Says an official for Braniff, one of the biggest money losers among airlines: "The industry is doing house cleaning it should have done anyway...
Cuts in welfare assistance and legal aid for the poor, pensions for the elderly and disabled, and school lunches for elementary school students have all been sanctioned as part of the effort to trim the fat out of the federal budget. Reagan and an acquiescent Congress did more this summer to change the direction of federal public assistance policy than most who voted for him thought possible, but Wall Street needs a lot more out of the cut budget to be convinced that it might be balanced and inflation controlled...