Senate panel backs balanced budget amendment
The Senate Judiciary Committee approved a balanced budget amendment 13 to 5 after rejecting Democratic attempts to exclude Social Security. Debate shifts to the full Senate with a likely close vote, hinging on Social Security protections and GOP concessions to win Democratic support.
MENTIONED IN THIS ARTICLE
Washington
Senate Judiciary Committee
Senate
Congress
Judiciary Committee
Orrin Hatch
Clinton
Hatch
Utah
Fioe
House
David McIntosh
R-Ind
Senate Democrats
Swiss 100 Tons Looted Nazi Gold From Belgian Treasury
A declassified U S memo says Switzerland accepted 100 tons of gold looted from Belgium by Nazi invaders in 1943, worth about 123 million dollars, despite Allied warnings to neutral states not to accept such assets. Senator D Amato questions Swiss good faith as investigations continue with Swiss officials and bankers meeting U S officials.
MENTIONED IN THIS ARTICLE
Washington
U.S
Switzerland
Belgium
Tee Scies
Gets Wiss
Sweden
Alfonso D'Amato
Germany
Heath
D'Amato
Senate
Ioow
Allien
International Bi
Zurich
Stuart Eizenstat
Eizenstat
Senate Banking Committee
Sen
R-N.y
Capitol Hill
Greenspan urges CPI changes to curb inflation measure
Fed Chairman Alan Greenspan urged Congress to revise the Consumer Price Index to lower inflation readings used for Social Security and tax brackets. He backed the Boskin Commission findings that CPI overstates inflation by about 1.1 points annually, proposing an independent economist panel and quicker BLS market basket updates to ensure objective, flexible adjustments.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Alan Greenspan
Congress
Greenspan
Senate Finance Committee
Michael Boskin
Stanford University
Boskin
Bureau of Labor Statistics
CPI
Commission
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Mendous le
White House
Edward Kennedy
D-Mass
Arlen Specter
Pennsylvania
Kennedy
Joseph Biden
D-Del
Robert Torricelli
New
Bonu A . S
Claire
Midland
Daniel Patrick Moynihan
Treasury
BLS