Negotiators weigh Senate tax hike amid budget talks
Washington AP House and Senate negotiators pause recess to study a Senate plan for a $59 million three year tax increase aimed at trimming deficits by $69.9 billion next year and $358.8 billion over three years. Rep. Gray signals serious consideration while Reagan veto remains likely and Dole calls the idea unlikely to advance.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Reagan
William H. Gray II
Dpa
House Budget Committee
Congress
White House
David Stockman
New York Times
Senate Budget Committee
Pete V. Domenici
R-N.m
Senate Majority
Robert Dole
R-Kan
Domenici
Dole
Budget Debaters Lied Say Stockman in Off the Record Speech
NEW YORK AP White House Budget Director David Stockman accused both Reagan administration and House Democrats of half truths and dishonesty in budget deficit debates. He warned taxes may be needed, noted the speech was marked not for release, and highlighted prior public disagreements with administration positions.
MENTIONED IN THIS ARTICLE
NEW York
White House
David Stockman
Reagan
House
Securities and Exchange Commission
New York Times
the Times
Stockman
New York Stock Exchange
Congress
the Nation Magazine
Forbes Magazine
Lance named in bank report amid check kiting claims
Former federal budget director Bert Lance faces a U.S. bank examiner’s report accusing check kiting and unsafe banking practices as Calhoun First National Bank chairman. The National Bank Examiner Lloyd R. Elledge report, distributed May 29 to directors, also cites abdication of duty and improper use of bank assets for Lance’s benefit.
MENTIONED IN THIS ARTICLE
Atlanta
Bert Lance
U.S
Calhoun First National Bank
Atlanta Constitution
National Bank Examiner
Lloyd R. Elledge
Calhoun First
Lance
Robert R. Klinzing
Office of Management and Budget
Associated Press
Tennessee
Community mourns deaths from fireworks plant blast
In Terlton Oklahoma a large crowd gathered at a cemetery to bury Marilyn Osbon 36 and her son Charles Osbon 13 killed in a blast at the Aeflex Corp fireworks plant. The service followed by preparations for more burials as families cope with the disaster.
MENTIONED IN THIS ARTICLE
Terlton
Okla
Aeflex Corp
Terrion
Marilyn Osbon
Charles Osbon
Lloyd Osborn Jr
Osbon
Also Mentioned on This Page
Thomas P. O'Neill Jr
D-Mass
O’neill
Gray
Bank Examiner
Japs Lance
Jake Butcher
C.H. Butcher
Butcher Banks
Trenton
N.J
Cynthia Adams
Akron
Ohio
Adams
Superior Court
Wilbert Thomas Sr
Christian Alliance Holiness Church
Thomas
Bertha
Old Town
Deners
Parkway Old Town Center
Corte
John Zebrowski
F.N.A.O
de Lee
Dial
J. Michael Calmes
M.D
Abe Ee Leo
Tower
Odessa
Texas
Subaru
Midland
Big Spring Midland
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