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Gramm-Rudman clash rocks U S budget battle
Canadian commentator notes Texan Phil Gramm shapes U S fiscal policy with Gramm-Rudman. The plan aims to force balanced budgets, risking automatic cuts if Congress stalls. Supreme Court later rules the measure unconstitutional, transferring budget power away from politicians to bureaucrats. The piece compares U S deficits with Canada and comments on market reactions.
MENTIONED IN THIS ARTICLE
Phil Gramm
U.S. Supreme Court
New York Stock Exchange
Gramm
Washington
Bill Thorugh
Senate
Gramm-Rudman
U.S
Congress
Ronald Reagan
White House
Reagan
Gramm- Rudman
Eee
Stock Exchange
Supreme Court