Word: vetoes
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...major remaining problem: how to move cleanly but loyally away from Reagan and establish Bush's credentials as a forceful, independent leader. Traveling to such secondary media markets as Evansville, Ind., and Lima, Ohio, last week, Bush was pursued by questions about Iran-contra, Ed Meese, the trade-bill veto and the Administration's lackluster civil rights record. In each case, the Vice President swallowed hard and forcefully stuck with the boss. That can't continue indefinitely. "Reagan knows that Bush must eventually cement his own relationship with the American people," says Bush Political Director Rich Bond. "But like...
...showdown pitted a lame-duck President looking to make a dramatic stand against a Congress determined to impose its will. As the Senate prepared to vote on the omnibus trade bill last week, President Reagan vowed to veto the package if the lawmakers did not remove a provision requiring that companies give workers 60 days' notice of plant closings. But the House had already passed the bill by a veto-proof 312 to 107, and the Senate was not about to back down. As the Senate's Democratic leaders struggled on Wednesday to line up votes and woo as many...
...promised veto could give the Democrats a potent issue in the presidential election campaign because the trade gap, which hit a record $171.2 billion last year, has become the most serious threat to economic prosperity. The monthly trade deficit has declined from a peak of $17.6 billion in October, but recent figures have been going in the wrong direction. A report released last month showing that the deficit jumped from $12.4 billion in January to $13.8 billion in February sent the financial markets into a brief panic. Continued deterioration of the trade balance could lead to a further drop...
Most U.S. trading partners were relieved that the Senate did not appear to have enough votes to override a veto. In Japan, the most prominent target of the legislation, officials were delighted. Said Hajime Tamura, chief of Japan's Ministry of International Trade and Industry: "We would like to note our appreciation that more than one-third of the Senate voted against the bill...
...Senate votes this week; the only question is whether the trade bill, three years in the making and supported by groups as diverse as organized labor, farmers and the oil industry, will pass by a vote larger than the two-thirds necessary to override the expected veto...