Court strikes down key budget law as unconstitutional
A three judge federal court ruled the Gramm Rudman act unconstitutional for violating separation of powers. The ruling blocks automatic spending cuts except the initial 11.7 billion tranche starting March 1 while appeals proceed. Senators Gramm and Conte hailed mixed outcomes, as Reagan urged adherence to deficit targets without automatic enforcement.
MENTIONED IN THIS ARTICLE
Washington
Congress
Supreme Court
District Court
Charles A. Bowsher
United States
Actu
Reagan
Weekend Weather: Cloudy, Chilly With Saturday Flurries
Saturday outside faced mostly cloudy skies and a chilly feel with flurries possible. High near 38 degrees and tonight remaining cloudy with a low around 30.
Dow hits new high as market soars on Friday
The Dow Jones industrials rose 12.73 to close at 1613.42, marking an unprecedented high and the third record this week. Earlier declines tied to government unemployment figures and a Gramm Rudman Hollings budget ruling. Bluefield State's Lady Blues host Carson Newman today in a NAIA top 20 clash.
MENTIONED IN THIS ARTICLE
Gramm- Rudman-Hollings
Bluefield State
Lady Blues
Carson Newman
Tenn
Lewis County senator bids to abolish Legislature
Charleston AP reports state Senator William Sharpe of Lewis proposes a constitutional amendment to abolish the Legislature. He acknowledges likely defeat by lawmakers and voters, and notes Gov Arch Moore would oppose it. The plan would leave government to the governor and the courts amid budget feuding and a red ink range of 42.7 to 104.1 million.
MENTIONED IN THIS ARTICLE
Charleston
Friday
William Sharpe
D-Lewis
Arch Moore
Moore
Sharpe
Court ruling slows Gramm-Rudman but cuts still loom
A special federal court panel signaled a delay in enforcing the Gramm-Rudman balanced budget law pending Supreme Court review. The decision leaves $11.7 billion in automatic spending cuts set for March 1 intact, while Congress weighs political feasibility.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Congress
Legal battle looms over future deficit targets and court ruling
Analysts say the Supreme Court may hear arguments in May and rule by July on the deficit targets set to reach a balanced budget by 1991. The Oct 1 1987 fiscal year start faces uncertainty as protracted litigation could cause chaos, with Senate Leader Dole urging continuation under the deadline pending the court decision.
MENTIONED IN THIS ARTICLE
Supreme Court
Senate
Bob Dole
Kan
Congress
White House
Congressional Budget Office
Mrs. Aquino Edges Marcos in Official Philippine Tally
Corazon Aquino jumped ahead of Ferdinand Marcos in official vote tabulations as of Saturday, with Aquino holding a slim margin from the 600,000 counted by the Commission on Elections. Officials warned final results would take days amid reports of irregularities and deadly violence in the two month campaign.
MENTIONED IN THIS ARTICLE
Manila
Philippines
Corazon Aquino
Ferdinand E. Marcos
Marcos
Aquino
Aquino Marcos
Commission On Elections
Pacific Ocean Archipelago
U.S
Richard Lugar
Lugar
Joe Concepcion
National Citizens’ Movement For A
Namfrel
Duvalier Flees Haiti as Military Council Takes Power
In Port au Prince crowds celebrate as Jean-Claude Duvalier flees to France ending 28 years of Duvalier rule. A military civilian council led by Gen. Henri Namphy promises calm while curfews and looting follow the revolution. Independent photographers report desecration of the tomb of Francois Duvalier and a skull parade through the streets.
MENTIONED IN THIS ARTICLE
Port-Au-Prince
Haiti
Jean-Claude Duvalier
France
Duvalier
Army
Henri Namphy
Associated Press
Francois Duvalier
Jean-Claude
Papa Doc
Unemployment rate drops to 6.7 percent in January
The Labor Department reports 565,000 new non farm jobs and civilian unemployment at 6.7 percent, the lowest since Reagan’s presidency. Nearly 109 million Americans were employed, with the civilian-military rate at 6.7 percent for 1986 projections. Analysts say the economy shows solid rebound and potential 4 percent growth.
MENTIONED IN THIS ARTICLE
Washington
Ronald Reagan
Labor Department
Bureau of Labor Statistics
Armed Services
White House
Larry Speakes
Reagan
Allen Sinai
Shearson Lehman Bros
New York
Also Mentioned on This Page
Phil Gramm
Texas
Gramm-Rudman
Silvio O. Conte
R-Mass
Gramm-Rudman A
DOW Jones Clos
Dow
Abby Pee
Pereeerere Tereer Teat
Lewis County
Cliff Haas
Mrs. Aquino
Mrs. Aquino A
China Sea
Mindanac
Henri Marcellus
St. Louis
Fleurissard
Miami
Jan
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