Budget Office says Reagan plan optimism but risks deficit
Congressional economists tell Congress Rivlin the office underestimates federal spending and whether a balanced budget by 1984 is feasible. The CBO projects deficits surpassing administration figures by at least 115 billion over four years, with higher inflation and unemployment than Reagan forecasts.
MENTIONED IN THIS ARTICLE
Washington
House Budget Committee
Alice M. Rivlin
Congressional Budget Office
Senate
Reagan
Budget Office
Congressional
Reagan Eyes Breakup and Sale of Conrail
President Reagan aims to dismantle Conrail and sell its lucrative lines. The heavily subsidized freight carrier has lost 1.4 billion over five years, with subsidies totaling 3.3 billion and limited profits. Rail executives doubt any private buyer will want the system due to labor commitments and ongoing costs.
MENTIONED IN THIS ARTICLE
Washington
Reagan
America
Conrail
Transportation Department
Congress
Penn Central
Cairo
Ill
New England
New York
Philadelphia
Robert Blanchette
Senate Commerce Committee
Percy backs minimum wage plan for teens in Senate
Sen Charles H Percy urged a three year trial of a reduced minimum wage for youths 16 to 19 as a way to curb unemployment and crime among idle teens. He cited February youth unemployment at 19.3 percent and higher rates for Black teens, while noting GOP and business groups support for lower teen wages and Democratic opposition. The Reagan administration backed concept but delayed support for specific bills.
MENTIONED IN THIS ARTICLE
Washington
Charles H. Percy
Ill
Percy
Senate Subcommittee On Labor Standards
Congress
House
East St. Louis
Orrin Hatch
Rutah
Sion
Reagan Administration
Also Mentioned on This Page
Sealy
PSF
Lcs
North Odessa
Lawndale
Sherman Cox
Odessa
Sherman Cox Fund
Steve Lote
Treas
Jack Milam
Delwood
Sealy Posturopedic
Fodumall
Odessa’s Furniture
Visa & Mastercharge Welcome
Wranglers
Hormel ‘Sant Tlerent
Gibson’s
Bill Sears
Miss Texas
Diana Durnford
Dillard’s
Permian Mall
Diana
Dillard's Teen Board
P Dillard’s
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