Reagan and GOP chiefs forge three-year deficit plan
President Reagan and Senate and House Republican leaders announce a three-year deficit-reduction plan totaling 150 billion dollars. It trims defense growth, cuts domestic spending, raises about 48 billion in new revenues, and diverges from the January budget while aiming for support from Democrats.
MENTIONED IN THIS ARTICLE
Washington Post Service
Washington
Reagan
Congress
Senate
House
Administration
White House
Rose Garden
Barber Conable
R-N.y
Howard Baker
R-Tenn
Northwestern Bell seeks 84.9 percent rate hike in Cedar Rapids
Northwestern Bell asks the Iowa Commerce Commission for an $88.5 million rate increase, potentially raising Cedar Rapids residential bills by 5.45 dollars to 16.05 on April 15 and lifting many to about 19.60 monthly if approved. The plan includes a measured service option and cites deregulation and AT&T breakup as causes.
MENTIONED IN THIS ARTICLE
Judy Daubenmier
Lazette Moz
Avince
Pornqu
Des Moines
Northwestern Bell Telephone Co
Cedar Rapids
Northwestern Bell
Bell
Iowa Commerce Commission
Commission
Chuckle Quote on Judgment and Experience
A witty line notes that sound judgment grows from experience which itself stems from past poor choices. The quip plays on the paradox of learning through mistakes to gain better decision making.
Man with shotgun shot near White House fence
David Mahowski, 25, of Williamsport Pennsylvania, was shot in the right forearm by Secret Service officers after he pointed a sawed off shotgun at them on the public sidewalk outside the White House grounds. The president was informed of the incident.
MENTIONED IN THIS ARTICLE
Washington
White House
Secret Service
Larry Speakes
David Mahowski
Williamsport
U.S. Park
Tony Ferraro
Ferraro
South Executive Drive
Mary Ann Gordon
Gordon
Mahowski
Senate bill seeks to lift cap on credit card interest
The Iowa Senate approved a bill to remove the 18 percent yearly interest limit on credit cards. Norwest Bank threatens to relocate 300 to 400 Iowa jobs to stay competitive, prompting the proposal. Amendments to end the lid for all issuers were ruled non germane.
MENTIONED IN THIS ARTICLE
Senate
Ken Sullivan
Des Moines
Iowa Senate
Iowa
George Kinley
Also Mentioned on This Page
ISU
GOP
Gazette
J.M. Flaneburg
Mark Glenn
Vanessa Shelton
Ray Baker
Brent Harstad
Ralph Myers
Police Department
Paul Nelson
Maplewood Group Home
George Estle
Children’s Home
Heartwood
Cedarwood
Maplewood
Estle
At&t
U.s.world
Marion City
East Iowa
White House Fence
Richard Taxman
Colorado Springs
Sun
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