Iran Contra inquiry could indict Reagan aides
Independent counsel Lawrence Walsh may decide within 10 days whether to pursue an indictment of Ronald Reagan and three top aides in the Iran Contra matter. The Post cites unnamed sources noting a possible conspiracy in November 1986 to shield U.S. role in an arms for hostages shipment to Iran.
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Clinton defends defense cuts and cautious trade stance
Clinton began a two state campaign tour in Washington and California addressing defense spending and trade. He floated redirecting 20 billion dollars a year from defense to growth programs while warning the defense budget will fall regardless. He urged strengthened Mexican labor and environmental controls before broader trade moves. Boeing and other defense contractors loom large in the states.
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Bill Clinton
Washington
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Mexico
Gore shines while Quayle struggles in latest polls
Polls from Time-CNN and Newsweek show Bill Clinton with a clear lead over George Bush, while Dan Quayle trails in favorability. Gore attracts solid support. Quayle’s ratings remain low with voters. Time-CNN surveys reflect mixed views on dropping Quayle, Newsweek shows close splits on his status.
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RTC chief floated bypassing Congress for bailout funds
The Washington Post reports RTC chief Albert Casey proposed taking 10 billion dollars from federal coffers without Congress approval to extend S&L cleanups. Treasury Secretary Brady rejected the idea. Casey warned Congress is unlikely to grant funds before February while delays cost taxpayers millions daily.
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Fort Leavenworth dedicates Buffalo Soldier statue
General Colin Powell, then a one star at Fort Leavenworth in 1982, proposed a statue to honor Buffalo Soldiers after noticing only two gravel alleys marked the memorial. On Saturday the Joint Chiefs chairman rededicated a 13 foot statue of a black soldier on horseback along a base avenue, praising their place in American history.
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