FHA pauses mortgage insurance as Congress delays raise in limit
The Federal Housing Administration halted new applications after exhausting its $74.4 billion credit ceiling amid a housing boom. Senate and House clashed over UDAG grant rules and a funding mechanism while lawmakers debated lifting the ceiling to $132 million and extending FHA authority through Sept. 30.
MENTIONED IN THIS ARTICLE
Washington
Federal Housing Administration
Congress
FHA
Sens
Strom Thurmond
R-S.c
Charles Grassley
Iowa
Senate
House
Jake Garn
Utah
Banking, Housing and Urban Affairs Committee
Thurmond
Grassley
Gann
Place
Garn
Senate Appropriations Committee
Star Wars funds face cuts in 1987 budget fight
In Washington early voting signals Reagan will not receive his full Star Wars funding. The House Armed Services subcommittee approved about 3.6 billion for fiscal 1987, below the president's 5.4 billion request for anti missile research. FBI says it detained Soviet air attache Col Vladimir Itzmaylov at the Washington embassy on charges of collecting classified documents.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Reagan
Congressional
Armed Services Research and Development Subcommittee
FBI
Soviet Union
Vladimir M. Itzmaylov
Drug OKT-3 Halts Kidney Rejection at 94 Percent
Washington reports a new drug made from cloned antibodies called Orthoclone OKT-3 achieved a 94 percent success rate in preventing acute kidney transplant rejection. FDA approved the therapy Thursday and researchers say it may also stop rejection of other transplanted organs and could lead to new transplant and anti cancer treatments.
MENTIONED IN THIS ARTICLE
Washington
Food and Drug Administration
Convicted spy Miller plans appeal after verdict
Richard W. Miller the only FBI agent ever convicted of espionage faces possible life in prison and cheerfully expected an appeal. He said lets say thank God for the court of appeals as he was led from court clutching legal folders in handcuffs. Jurors cited his own admissions to FBI investigators before his arrest on October 2 1984 as clinching the case.
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Los Angeles
Richard W. Miller
FBI
Court of Appeals
Miller
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