Reagan plan eyes deep cuts to federal programs
President Reagan weighs aggressive cuts to domestic spending, proposing elimination of revenue sharing for states and phasing out mass transit subsidies. The plan would freeze hundreds of programs at current 1985 levels for 1986, cut back or end grants, and push a 5 percent pay cut for federal workers. Some Social Security protections noted, while defense spending remains uncertain amid GOP opposition and calls to curb the MX program.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Congress
Small Business Administration
Legal Services Corp
Amtrak
Jobs Corps
Postal Service
Rumors ripple as Pickens bids reshape Phillips deal
Shareholders await Phillips Petroleum response to a unsolicited takeover bid led by T Boone Pickens Jr. Analysts cite market rumors of a Phillips Kerr McGee merger to blunt Pickens. Kerr McGee stock climbs while Phillips shares surge on Mesa Partners offer, valuing the takeover at about 8.75 billion dollars.
MENTIONED IN THIS ARTICLE
Associated Press
Phillips Petroleum Co
T. Boone’ Pickens Jr
Wall Street
William Randol
First Boston Corp
Phillips
Kerr-McGee Corp
Pickens
Kerr-McGee
Mobil Corp
Mesa Partners Group
Mesa Petroleum Co
Wagner & Brown
Standard Oil Co
Indiana
Atlantic Richfield Co
Ohio
Rosario Jacqua
L.F. Rothschild
Unterberg, Towbin
Randal
Mesa Partners
New York Stock Exchange
Mesa
Ina
Chevron Corp
Gulf Corp
Gulf
Sears joins fight to repeal Texas blue law
Sears Roebuck & Co has joined Texans for Blue Law Repeal, signaling support for Sunday shopping and broader store hours. The move marks the biggest retailer backing the campaign, with other chains like Kroger, Kmart, Target and Walgreen also listed among supporters. A lobbyist forecasts $300 000 to $500 000 in funds as efforts aim to overturn the blue law prohibiting sale of many items on Saturdays and Sundays.
MENTIONED IN THIS ARTICLE
Dallas
Sears, Roebuck & Co
Sears
Ralph Russell
Dallas Morning News
Texans For Blue Law
Peter Larkin
Kroger
Dallas Times Herald
Kmart Corp
Target
Cullum Cos. Inc
Zale Corp
Joske’s
Toys R Us
Revco
Walgreen
Eckerd Drugs
Port murder trial moved to New Braunfels
Houston AP reports Judge ED McMaster moved 17 year old David Port's murder trial to Comal County's New Braunfels for fair proceedings. Trial likely late February or early March. Port free on 20000 dollar bond. Schatz, 23, was shot while delivering mail June 7. body found in northwest Harris County. Gag order issued. other venue options not named.
MENTIONED IN THIS ARTICLE
McMaster
Debora Sue Schatz
Ms. Schatz
Harris County
Port
Comall County Court
Houston
Houston Officer Acquitted in Car Driver Shooting
In Houston, a jury acquitted officer K R Patterson of attempted murder in the Oct 14 1983 shooting that left William Henry Pressey with permanent brain damage. Police Chief Lee P Brown said he will not reinstate Patterson, noting no life was in danger when the shot was fired.
MENTIONED IN THIS ARTICLE
Houston
Lee P. Brown
K.R. Patterson
Patterson
White House Christmas cards depict Wyeth snow scene
President Reagan and Nancy Reagan oversee sending 125,000 Christmas cards featuring Jamie Wyeth’s White House painting with a squirrel in fresh snow. The card, titled Christmas Morning at the White House, marks a Wyeth reuse. Hallmark printed at cost. RNC paid mailing costs.</s>
MENTIONED IN THIS ARTICLE
Washington
Reagan
Nancy
Jamie Wyeth
White House
Wyeth
Hallmark
Republican National Committee
Fra Filippo Lippi
Also Mentioned on This Page
David Stockman
Department of Housing and Urban Development
Defense
Caspar Weinberger
Pentagon
The
Washington Post
Sen
Barry Goldwater
R-Ariz
Goldwater
Senate Armed Services Committee
Post
Senate
Howard Baker
Tennessee
Blue Law
Sanger
J.C. Penney Co. Inc
Neiman- Marcus Co
Mervyn's
Safeway
Dillard Department Stores Inc
Montgomery Ward & Co
Saks Fifth Avenue
Bruce Lipshy
Lipshy
David Port
New Braunfels
RGC Fine Jewelry
W. Baker
Matherne's
Baker Rd
Acme-Wrangierounds
Texas
Justin Tony Lame Dan Post
Montana Adams
Berty
Lin
C.Y. Ling
Y. Lee
ABC
Channel
S. Alexander
Woolco Shopping Center
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