Word: vetoing
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Dates: during 1970-1979
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...reaction of Israel was swift, blunt and angry. Jerusalem was particularly annoyed at what it saw as a betrayal by Washington; Secretary of State Henry Kissinger, the Israelis felt, should have ordered Moynihan to veto the mandate resolution rather than permit greater international recognition of the P.L.O. After a six-hour emergency session on Monday, Premier Yitzhak Rabin's Cabinet decided to boycott next month's U.N. debate. It also approved a proposal to establish four new settlements on the Golan Heights within the next two weeks-a move that will make any future territorial negotiations with Syria...
Subject to veto by either house of Congress, the President in April 1977 could partially exclude from the domestic price ceiling the oil that will begin by then to flow from Alaska. Such a move would raise overall domestic oil prices at a slightly faster rate. On the other hand, the bill would require Ford to jettison the $2 per bbl. tariff that he has imposed on imported oil, which now fetches about $15 per bbl. in the U.S. Other provisions of the bill would require both automakers and appliance manufacturers to improve the energy efficiency of their products, guarantee...
...newest and most immediate worry is the impact of a default by New York City, which could happen practically any day now. President Ford, who has vowed to veto any congressional attempt to help the city avoid bankruptcy, insists that financial markets have already discounted a default and so the impact could be contained without serious damage to the economy...
These dire events became more and more likely when President Ford vowed emphatically last week "to veto any bill that has as its purpose a federal bailout of New York City to prevent a default." That left city officials with virtually no hope of gaining a federal guarantee of securities that would enable New York to raise some $4 billion by June 30, the end of the fiscal year. Default is almost assured, either in mid-November if the city cannot raise $150 million to help meet payrolls and payoffs of securities due then, or during the week...
Gallows Humor. Though Ford's promised veto probably means that Congress will not pass legislation to avoid default, some liberals insisted on trying anyway. The Senate Banking Committee voted 8 to 5 in favor of a bill that would guarantee $4 billion in loans to New York and put the city, until it balances its budget, under the control of a three-member federal board headed by conservative Treasury Secretary William Simon. More to the point, the House and Senate are expected to act quickly to amend federal bankruptcy laws along the lines suggested by Ford...