Reagan budget chief pushes broad deep cuts on Capitol Hill
President Reagan's budget chief David Stockman outlined sweeping cuts aiming at $20 to $25 billion this year and larger in 1982. Targets include Social Security benefits, aid to dependent children, public jobs, unemployment, arts, humanities, and rural loans. Stockman plans about 15 more meetings in 10 days as Congress prepares for the president's upcoming budget address.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Capitol Hill
House
David A. Stockman
Stockman
Farmers Home Administration
Congress
Jack Edwards
R-Ala
Barber B. Conable Jr
Rn.y
Trent Lott
Mississippi
Lott
OMB
Carter
Two Million New Yorkers Cheer Hostage Parade
Two million New Yorkers lined Broadway in a ticker tape celebration for 22 former Iran hostages and their families. Barry Rosen called the parade stunning, while Police Commissioner McGuire said the crowd was at least two million in a joyous, historic tribute.
MENTIONED IN THIS ARTICLE
New York
America
Canyon
Kathryn Koob
Fairfax
Broadway
Barry Rosen
Brooklyn
New York City
Robert McGuire
Charles Lindbergh
Douglas MacArthur
Korea
John Glenn
Soviets denounce Reagan remarks as unseemly
The Tass outlet accused President Reagan of deliberate distortions about Soviet policy and charged U S Secretary of State Haig with insulting the Soviet Union by linking it to international terrorism. Tass quoted Reagan criticizing detente as one way and urged fresh talks on SALT II, saying Washington misreads world change and seeks one world socialism.
MENTIONED IN THIS ARTICLE
Moscow
Soviet Union
Reagan
U.S
Alexander M. Haig
Tass
United States
Ronald Reagan
Rediscovery of area oil fields predicted in West Texas
State Editor KERMIT Earl Morris Amoco Production Company's West Texas Eastern New Mexico Division spoke at the Kermit Chamber of Commerce banquet. He predicted a $1.5 billion capital investment in CO2 tertiary recovery projects to revitalize fields for 20 to 30 years or more. He noted Bravo Dome in northeast New Mexico may hold 8 to 10 trillion cubic feet of CO2 and that Amoco expects to drill up to 1,000 wells over the program. He outlined facility needs, reinjection, and local hiring as economic impact, and referenced past declines in oil production from 1978 to 1980.
MENTIONED IN THIS ARTICLE
Kermit
Earl Morris
Amoco Production Company
West Texas
New Mexico
Kermit Chamber of Commerce
Morris
Amoco
Bravo Dome
Soul City sale ends government backed project dispute
Roy A. Gast bid 1.5 million for the soul city project as prepayments reached 11.5 million. Government declared the venture a failure in June 1979 and will reduce debt owed to 10 million if it takes title. Gast says the government would forget the debt under an agreement with Floyd McKissick. HUD halted funds 19 months ago. only minimal facilities remain and escrow holds title. McKissick argues the town spurred industrial growth despite delays and federal friction.
MENTIONED IN THIS ARTICLE
Roy A. Gast
Gast
Soul City Co
Soul City
Floyd McKissick
Department of Housing and Urban Development
McKissick
HUD
Economists doubt new recession despite decline
A government report shows December leading indicators down 0.6 percent and private productivity falling 1.9 percent in Q4 1960, with single family home sales down 25 percent last year. Economists caution against declaring a new recession, noting mixed signals and a slowdown rather than a halted recovery.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
William Cox
Truth or Consequences Popular in Russia
In Russia the game Truth or Consequences is cited as the most popular pastime. Players are urged to tell the truth or face Siberian exile as a penalty in a satirical line reflecting cultural humor.
MENTIONED IN THIS ARTICLE
Russia
Siberia
Also Mentioned on This Page
Michael Evans
Evans Economics
Labor Department
Cox
OTA
Goren
Quipster
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