Reagan's budget crusade faces perilous path in Congress
President Reagan urged Congress to cut the next year's deficit by 16 billion through program reductions and tax increases. Senate Republicans questioned passage while House leaders warned defense cuts may exceed request. He defended a steady course toward a balanced budget by 1984 amid Democratic criticism.
MENTIONED IN THIS ARTICLE
David Espo
Associated Press
Washington
Reagan
Congress
Senate
Ted Stevens
Alaska
House
Robert H. Michel
Illinois
Stevens
Michel
Oval Office
Departments of Education and Energy
White House
Howard Metzenbaum
Ohio
James Wright
Texas
Texas Welfare Cuts Force 32,000 Off Aid Program
A Texas official said Reagan era welfare cuts will remove 32,000 Texans from Aid to Families with Dependent Children and 65,158 from food stamps. The DHR board approved Oct 1 action, citing savings and federal cut implications. Remaining rules affect age and income limits for AFDC and Medicaid, with some 18 year olds still eligible if in school.
MENTIONED IN THIS ARTICLE
Austin
Texas Department of Human Resources
Martin Dukler
Human Resources
DHA
Texas
Dukler
Administration
AFDC
Weevils Moths Split Over Reagan Budget Fight
Two small GOP groups the gypsy moths and boll weevils clash on Reagan budget cuts. Gypsy moth Republicans, mainly urban suburban, may defect on new cuts while boll weevils, conservative Southern Democrats, largely oppose cuts except in agriculture and defense. Major votes hinge on party discipline and deficit targets.
MENTIONED IN THIS ARTICLE
Newhouse
Washington
Reagan
House
Congress
Boll Weevils
Oval Office
Carl Pursell
Reich
Charles Dougherty
Rpa
Dougherty
Financial analysts doubt big rate drop this year or next
Boston analysts and bankers say rates will stay near 18 percent into 1982. Reagan’s budget cuts and borrowing tighten the money supply, with experts like Allen Sinai Fred Briemyer and John Paulus predicting only small changes or modest rises. Henry Kaufman cautions that the brief easing may not last.
MENTIONED IN THIS ARTICLE
Boston
Reagan
Allen Sinai
Data Resources Inc
Fred Briemyer
First National Bank of
John Paulus
Goldman Sachs
Federal Reserve Bank
Washington
Federal Reserve
U.S. Treasury
Weather outlook for West Texas and Odessa area
Partly cloudy through Saturday with a slight chance of storms tonight. Severe weather yesterday brought heavy rain, high winds, hail, and possible tornado damage to Dumont in Cattle County. no injuries reported. Odessa area forecast calls highs 80s/90s, lows 60s, southerly winds 10-15 mph, with no precipitation last 24 hours.
MENTIONED IN THIS ARTICLE
Odessa-Midland
West Texas
Texas
Dumont
Cattle County
National Weather Service
Abernathy
Lubbock
Big Bend
North Central
Dalhart
Wichita Falls
Midland Regional
Odessa
South Texas
AWACS pact talks hinge on joint American manning
Saudi Prince Sultan joins President Reagan and Senate leaders in Washington and Capitol Hill talks aimed at a compromise on joint manning of AWACS radar planes to avert an $8.5 billion arms sale veto. A Senate source notes the issue centers on who sees incoming information. In Phoenix, Bob Stump, a Reagan ally, leaves the Democratic label to join the Republicans effective next June, preserving committee seats.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Prince Sultan Ibn Bandar
White House
Capitol Hill
Senate
Howard H. Baker Jr
Sen
John Glenn
Glenn
Joint Manning
Saudi Arabia
Stump
GOP
Phoenix
Ariz
Arizona
Bob Stump
Boll Weevils
House Intelligence and Armed Services
Odessa American postal notice and address info
Official notice listing subscription rate of 70 per year and mailing details for The Odessa American newspaper. Includes post office entry as second class matter, address change instructions to Odessa Texas, and related mailing data.
MENTIONED IN THIS ARTICLE
Odessa
Also Mentioned on This Page
Reagan Crusade
Office of Management and Budget
By Michael F. Conlan
NEW York Stock Exchange
Financial Analysts
Ly David Warsh
Boston Globe
Wall Street
Henry Kaufman
Salomon Brothers
North Texas
Pep Abilene
Alice
Alpine
Amarillo
Beaumont
Brownsville
NOAA
US Dept of Comma
AWACS
Mg Daly
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