Lawmakers Call for Budget Compromise to Avert GOP Losses
In Washington a bipartisan push forms as Democrats urge Reagan to soften his 1983 budget plan and end limits on Social Security, defense, and tax cuts. Senate leaders warn the GOP could lose control if deficits persist, while Reagan resists changing Social Security and tax cuts but signals openness to a comprehensive alternative.
MENTIONED IN THIS ARTICLE
Chicago Sun-Times
Washington
Senate
GOP
Reagan
Senate Finance Committee
Robert J. Dole
Rkan
Robert C. Byrd
D-W.va
Senate Democrats
Byrd
Democrats
Defense
Dole
Thomas P. O'Neill Jr
D-Mass
House
Paul Laxalt
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Frenchman comments on deficits
Washington AP IMF Managing Director Jacques de Larosiere warns the United States must cut deficits over three years to avoid keeping interest rates high. He says an easy money policy to lower rates would be a mistake and that high U.S. rates hurt poor nations by limiting international savings available for them.
MENTIONED IN THIS ARTICLE
Washington
United States
International Monetary Fund
IMF
Jacques de Larosiere
American Enterprise Institute
U.S
de Larosiere
Lavoisiere
Reagan Faces Doubt Over Budget's Recovery Promise
Washington insiders from Wall Street to Capitol Hill warn Reagan's deficit plan may fail to spark a sustained recovery as high interest rates hinder growth. Senate leaders discuss a bipartisan alternative while Democrats urge a new budget with smaller deficits to steer toward balance.
MENTIONED IN THIS ARTICLE
Cliff Haas
Associated Press
Washington
Reagan
Wall Street
Capitol Hill
Senate
Senate Democrats
Congress
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