Iran-Contra trial opens with Kerry as lead witness
The Iran-Contra trial of Clair George begins with Sen. John Kerry as lead witness. George is charged with concealing knowledge of Oliver Norths covert military support for the Contras from Congress. Separately, Ross Perot agrees to testify on POW MIA cases after previously declining. Wayne McLaren dies at 51 after lung cancer linked to smoking.
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Washington
John Kerry
D-Mass
CIA
Clair George
George
No. 3
Congress
White House
Oliver North
Ross Perot
U.S
Perot
Senate Select Committee On
Costa Mesa
Calif
Wayne McLaren
McLaren
Hoag Hospital
Newport Beach
Louise McLaren
Pentagon Releases Thousands of MIA Documents
The Pentagon unveiled thousands of declassified papers on 2 266 missing Americans in Southeast Asia marking the first tranche of more than 1 300 000 pages to come this year. A family member called the move too little too late amid questions over the release pace.
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Washington
Pentagon
Southeast Asia
Pete Williams
California banks halt accepting state IOUs in August
Bank of America will refuse IOUs starting August 5 while Wells Fargo and Union Bank stop honoring IOUs issued after July and July 31 respectively. The move comes as California faces its worst fiscal crisis since the 1930s amid a July 1 budget impasse between the legislature and Governor Pete Wilson.
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Sacramento
Calif
California
Pete Wilson
Bank of America
Wells Fargo and Co
Ious
Union Bank
Nancy Badley
California Bankers Association
Gray Davis
Davis
House votes to regulate cable TV
The House approved a bill 340 to 73 to bring cable television under tighter government control. It requires basic service under an FCC price formula, sets channel packages and quality standards, and bans exclusive provider arrangements. The proposal faces a veto from the Bush administration.
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House
Washington
Federal Communications Commission
Bush Administration
Office of Management and Budget
El Nino toward end as Pacific warmth cools rapidly
Washington reports Pacific Ocean temperatures near normalizing from 2.3C above normal in May to 1C above in June signaling El Nino in final stage. Climate Analysis Center says advisories end as researchers forecast cooler readings this fall, noting global weather effects from Texas to South Africa.
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Washington
Pacific Ocean
South Africa
Texas
Federal Climate Analysis Center
Chester Kopelewski
Climate Analysis Center
Kopelewski
Panel moves toward $4 billion SDI budget
The Senate Armed Services Committee neared approval of a $4 billion Strategic Defense Initiative budget, rejecting Republican efforts to match Bush's $5.4 billion or propose $4.9 billion. The panel aimed to complete its defense bill with a roughly last year level for SDI, according to anonymous congressional sources.
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Washington
Bush Administration
Richard Darman
Congress
Resolution Trust Corp
Senate Armed Services Committee
Strategic Defense Initiative
Bush
Congressional
Bush signs bill expanding college aid for middle class
President Bush signed a broad higher education package at Northern Virginia Community College. The measure extends federal programs for five years at 115 billion dollars, raises Pell Grants to 3700 dollars, expands income eligibility to 42000 for Pell Grants, and introduces unsubsidized and direct loan programs to bypass banks. Senators Kennedy Dodd Pell Simon praised the reform while Alan Tubbs of the American Bankers Association criticized direct student loans as costly.
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Bush
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Edward Kennedy
Massachusetts
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Connecticut
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Illinois
White House
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Simon
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