Optimism In Mart Falters Amid Interest Rate Drift
A fragmented New York advertisement text signals wavering optimism in the market as backers react to shifting interest rates. Mentions the month of change and economic activity, noting a cautious mood among investors and local businesses.
Military budget reforms spark congressional clash over weapons
Lawmakers vote on a complex defense package with Senate and House divisions on long range bombers, AWACS, Aegis defense, and military pay. Conferees push or cut funding totaling hundreds of millions, balancing production, development, and fiscal restraints for fiscal year 1978.
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