Reagan fears defense cuts amid budget talks in Capitol Hill
Regan told Senate leaders the administration is concerned about Pentagon cuts under a pending balanced budget plan to erase deficits by 1990. He proposed a way to keep military spending rising with inflation this fiscal year begun Oct 1. Miller said the president supports the budget and tax plan, while the Senate version stalls. The FY ended Sept 30 deficit stood near 211 billion.
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Hivane
Vermin
GOP
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American Enterprise Institute
Conrail seeks delay on Norfolk Southern sale plan
Conrail officials urged senators to stall the government sale to Norfolk Southern until the Justice Department completes an antitrust review. They argued the divestiture plan does not prevent reduced competition and may harm public welfare, insisting an independent Conrail maintains stronger competition.
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Conrail
Norfolk Southern Corp
Justice Department
Norfolk Southern
Bruce B. Wilson
Guilford
Home affordability slips as mortgage rates rise
The National Association of Realtors said the affordability index fell to 97.8 percent in October from 98.3 percent in September as mortgage rates rose. In Ohio Kent State memorial design contest draws over 1 600 entrants for the four students killed in 1970. A Rhode Island report notes a man disarmed an intruder who held a knife to a resident.
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National Association of Realtors
Kent
Ohio
Kent State University
Geneva president warns against blurring issues with Soviets
The Geneva president cautioned on Monday against blurring issues and ignoring friction between the Soviet Union and the United States. He stressed the need to identify policies that work, noting there have been hopeful times before.
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Soviet Union
United States
Geneva
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