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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jun 15, 1982
Page
7
Negotiators from the House and Senate begin work on a compromise to reconcile a Senate $784.3 billion outline and a House $765.2 billion package for the 1983 federal budget. President Reagan meets with bipartisan leaders as talks continue, with deficits and tax hikes shaping the negotiations.
About 1700 nuclear arms activists were detained in a mass arrest as they formed a nonviolent blockade around diplomatic HQs of five nuclear powers in New York. Police issued summonses for disorderly conduct and released most participants after transport away from the scene.
A New York City killing last week prompted interviews with a man killed in gangland style. The victim Fred Furino aged 52 was alleged to be a bagman for enforcer Salvatore Briguglio. The briefing ties Briguglio to Labor Secretary Donovan through past associations noted by a Senate committee.
Gerald P. Carmen head of the General Services Administration has received two repayment deferrals on a $405000 SBA loan over the past year. He has not paid since July 1981 and owes about $30000 more in interest on the 30 year 65 percent loan. SBA says deferrals are normal when borrowers face financial difficulty and not delinquency. The Post notes 17000 of 149750 SBA loans are late by 60 days or more.
Detroit based General Motors Corp says about 13 000 1981 and 1982 Chevrolet and GMC trucks and school buses are being recalled to fix a steering problem that could cause loss of control. The recall follows an incident where a truck ran off the road into a field.
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