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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 27, 1987
Page
1
Tax plan clears for Iowa special session today
Iowa lawmakers head to the Statehouse for a special session as leaders press a compromise income tax package. The bill, combining federal changes with rate cuts, sailed through committees 23 to 4 in the House and 14 to 0 in the Senate.
MENTIONED IN THIS ARTICLE
Judy Daubenmier
Gazette
Des Moines Bureau
Des Moines
Iowa
Statehouse
House
Senate
Ways and Means
George Kinley
Ways and Means Committee
Charles Bruner
D-Ames
Terry Branstad
Bruner
Legislatve
Stocks plunge on Wall Street as Dow sinks days after overseas selloff
The Dow Jones industrial average dropped 156.83 points to 1793.93, an 8.04 percent fall, marking its worst performance since the 508-point drop in October. Advancers trailed decliners by about 14 to 1 on the NYSE as Tokyo London and Hong Kong also saw sharp declines. Traders described a cautious, value-driven mood with open orders below current prices and exchanges planning early closures to curb volume. President Reagan opened deficit talks in response to the market panic.
MENTIONED IN THIS ARTICLE
Wall Street
New York Stock Exchange
Iowa City
Gene Brawner
Davi Bosworth
New York
American
Washington
Reagan
Tokyo
London
Hong Kong
Larry Wachtel
Prudential Bache Securities Inc
New York City
Reagan and Congress seek deficit deal amid veto threat
President Reagan and a four member congressional delegation opened talks to reduce the federal budget deficit amid market turmoil. House leaders plan to push deficit legislation with tax increase provisions Reagan has vowed to veto. The quarrel over spending and taxes continues as negotiations begin.
MENTIONED IN THIS ARTICLE
Ashington
House
Reagan
Jim Wright
Congress
Titan 340 rocket ends failure run with secret payload
The Titans 340 rocket lifted from Vandenberg Air Force Base carrying a secret reconnaissance payload, seen as a spy satellite, restoring US space program momentum after two years of failures. Air Force officials hailed the success as a major step in resuming regular national security launches.
MENTIONED IN THIS ARTICLE
New York
Air Force
Vandenberg Air Force Base
California
Edward C. Aldridge Jr
John D. Sullivan
Vandenberg
Also Mentioned on This Page
S. Africa
Lorenzen
Palit
Create-A
Abby
Bird City
Kess Aes
Wy AB
U.S World
Rep
Phil
George C. Ford
Gazette Wire Services
Texas
White House
Marlon ° Fitzwater
Fitzwater
U.S
New York Times
Sec
Edward Aldridge
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