Reagan budget plan aims deficits under two hundred billion
Washington AP reports that President Reagan nears a 1984 budget plan with deficits expected below 200 billion for the next three years and around 190 billion for fiscal 1984. White House aides push a path to surplus by the decade's end, with Meese promising a balanced budget and Regan signaling possible contingency taxes to stay under 100 billion annually.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Treasury
White House
Edwin Meese
Congress
Donald T. Regan
Regan
Treasury Department
Meese
U.S. Chamber of Commerce
State of the Union
Budget Proposal Backed By Business Executives
Former cabinet officers and hundreds of corporate leaders urged the Reagan administration and Congress to slash deficits through 1985 by cutting military spending by 25 billion, non-defense by 60 billion, and raising 60 billion in taxes on consumption. They call for a one-year freeze on cost of living adjustments for Social Security and other programs, plus caps on future inflation adjustments. The group, led by Peter Peterson, includes former treasury secretaries Blumenthal, Simon, Connally, Fowler, and Dillon, with about 500 other officials and executives backing the plan.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Congress
Peter Peterson
Commerce
Peterson
Treasury
Michael Blumenthal
William Simon
John Connally
Henry Fowler
Douglas Dillon
National Association of Manufacturers
American Business Conference
National Federation of Independent Business
State Workers To Be Idled In West Virginia Budget Cuts
Gov. Rockefeller announced that 1,150 state workers will be idled over the coming weeks as 10 percent cuts hit all departments. Hundreds more will work short weeks in Natural Resources and Labor with up to 1,000 more lost to attrition. The governor will forego pay through the next fiscal year, and many in his office and the mansion will face furloughs. The reductions are permanent, with no expected rehire next year, and welfare cuts are paired with broader departmental reductions. Unemployment benefits will not be paid to those on shorter weeks.
MENTIONED IN THIS ARTICLE
John D. Rockefeller IV
Highway, Welfare and Health
Department of Natural Resources and Labor
Rockefeller
Department of Welfare
Economy Shrinks in 1982 Deepest Since World War II
Washington AP reports the 1982 economy fell 1.8 percent in real GNP, the steepest one year decline since 1946, with Baldrige noting the downturn is easing as interest rates drop. Fourth quarter real GNP fell 2.5 percent annual rate, due to temporary production cuts and inventory liquidation, amid a cautious path to recovery.
MENTIONED IN THIS ARTICLE
Washington
Commerce
Malcolm Baldrige
Baldrige
U.S
Reagan
House Leader Opposes Slurry Pipeline Policy Risk
Virginia House Majority Leader Tom Moss of Norfolk denounced a coal slurry pipeline as an unacceptable risk to the Chesapeake Bay and opposed immediate consideration. He warned the project could turn the bay into a test basin for untested wastewater treatment, as lawmakers weigh a bill endorsing a pipeline concept while leaving approval to the State Corporation Commission.
MENTIONED IN THIS ARTICLE
Richmond
House
Tom Moss
Norfolk
Chesapeake Bay
Virginia General Assembly
Moss
del. Warren Stambaugh
D-Arlington
Assembly
Com
Bill would clarify electronic voting measures for colleges
A proposed bill seeks to clarify how electronic voting is implemented on college campuses. Supporters argue it would standardize procedures and reduce confusion while opponents fear changes could limit student participation. Lawmakers debate definitions, reporting, and funding impacts ahead of votes.
Bluefield to lose federal judgeship on Thursday
Opposition to Social Security plan mounting nationwide. Senator Byrd to open Charleston office as political activity intensifies. Big Blue cagers whip West Virginia State in a decisive defeat.
MENTIONED IN THIS ARTICLE
Bluefield
Senator Byrd
Charleston
Big Blue Cagers
W.va
Also Mentioned on This Page
Ramadas Kimi
Plough, Inc
Memphis, Tenn
St. Joseph
Double
Heidi
Baby
Spokane, Wash
Norma McCullough
West Virginia
Virginia
Bird
Bruce Wingo
The
Virginia Railway Association
Association
Vepco
Sports
Bridge Bulletin Board
Abby
Eweee Society
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