Budget stalemate unlikely to trigger shutdown this week
President Clinton and Congress clash over 11 of 13 spending bills as the new fiscal year nears. With Republicans drifting toward Clinton positions and six weeks until the election, a major showdown seems unlikely. Lawmakers plan a stopgap bill to fund civil services through Oct. 6, buying time to resolve funding gaps for domestic programs.
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Washington
Clinton
Congress
White House
Lott
GOP
Jack Lew
Health care stalemate shadows Congress retreat
President Clinton faces two major goals with prescription drugs and managed care, but bipartisan gaps loom as lawmakers rush home. Medicare fee curbs from 1997 remain a flashpoint while a possible Medicare boost and drug re import plans surface amid broad agreement that current cuts are insufficient.
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Clinton
Congress
White House
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GOP
J.C. Watts
Senate
U.S. signals lifting Yugoslav sanctions after Milosevic defeat
The United States pledged to lift sanctions on Yugoslavia once President Milosevic accepts defeat and steps aside. Officials said a democratic change would prompt action, with allied governments likely to follow. Sanctions cited include blocking international bank loans, an oil embargo, and visa bans on Yugoslav officials. Milosevic allies claimed fraud and possible runoff, while NATO and the White House pressed for accountability for war crimes.
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Yugoslavia
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State Department
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Sandy Berger
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New Mexico
Jake Siewert
U.S
Belgrade
Chal
August Housing Surge Lifts Existing Home Sales 9.3% Reported
The National Association of Realtors says August existing home sales rose 9.3 percent to a 5.27 million annual rate as mortgage rates eased to 8.03 percent. Economists expect the rally to moderate but keep rates steady at the Federal Reserve meeting next week.
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Washington
Federal Reserve
National Association of Realtors
Stuart Hoffman
PNC Financial Services Group
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