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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Apr 03, 1990
Page
6
U S government data show February construction spending up 2.6 percent to a seasonally adjusted annual rate of 436.5 billion dollars, led by residential and non-residential gains. Single family homes strong, apartment building up, non-residential up 5.5 percent, government spending up 2.1 percent.
President Bush voiced optimism after a morning call with Japanese Prime Minister Toshiki Kaifu as pivotal negotiations began in Washington. The Structural Impediments Initiative targets barriers seen as fueling a 49 billion dollar US trade deficit, with Kaifu pledging high level emissaries to Washington to press for resolution.
Senate Republicans pressed for a speedy vote on President Bush's pick to head the Office of Thrift Supervision amid disclosure that T Timothy Ryan Jr admitted cocaine and marijuana use in the 1970s. Dole backed a quick confirmation while others warned on qualifications and potential drug history impact.
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