Nation's deficits set record in first quarter
Washington reports the U S balance of payments swung to a record deficit in the first quarter, with the Commerce Department noting a fourteen billion dollar shortfall, the worst quarterly tally in history. Officials cite a large rise in the energy bill and a growing trade gap as key factors.
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Washington
UPI
U.S
Commerce Department
Edger
United States
Treasury
W. Michael Blumenthal
Ois
Blumenthal
West Germany
Japan
Smaaller
Les
Pourines
Commerce_ Department eqocormists
Carter lauds energy plan handling in House session
President Carter praised House Ways and Means Committee for how it handled his energy package goals while seeking a stronger gas guzzler tax. He noted the committee approved lower lanes on most cars and rejected rebates, but he argued for broader tax leverage and said oil exploration remains satisfactory without a crash drilling program. He also signed legislation aiding American businesses and stressed enforcement of Arab oil guarantees, while Australia pursues strict nonproliferation steps.
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Washington
UPI
Carter
House
Noa Parame
Aga
Otis Pike
Dn.y
Iepe Carter
Pike Gaid
America
Bl costs for bombers surpass official estimates
The GAO and independent studies say bomber development costs exceed Pentagon figures. Official late last year put 244 B-? planes at 22.6 billion, about 80 million each, revised to 247 billion or 101.7 million per plane. GAO notes 16 to 20 percent higher than original estimates. Credit to Sen John Stennis committee chair. also mention of a Peru-born man becoming a grandfather and father at an advanced age.
MENTIONED IN THIS ARTICLE
Air Force
Aost
Ebner Sinals
Nan John Stennis
John Culver
Iowa
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Australia
Uwed Pewee
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Peru
SANT
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Hayward
Jackson BT
Marsiga
Lore Raat
Leamdromoe
Blackwall Plus
Arbooe
Erta
Fremont
Oakland
Smycartaur Blvd
Peery Ee
Dublin
Peverar Ae
Yeu
Uvermore
Ayes ST
Prone
arSorna
Elle Peek
Une, Tees
Ie Raul Per
Hablamos Espanol
ST McRl
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