Reagan pushes bipartisan budget amid housing bill clash
President Reagan intensifies efforts to win House passage of a Republican budget and opposes a Senate bill authorizing 5 billion dollars for housing subsidies. He urges lawmakers to back a bipartisan recovery plan with 95 billion in tax hikes and 76 billion in domestic cuts, while warning the housing measure would worsen deficits and keep rates high.
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Associated Press
Reagan
House
Senate
France
United States
Struggl
Ing
Howard Baker Jr
Rtenn
Baker
New York
American Iron and Steel Institute
Pope Still Going To Britain
Pope John Paul I will proceed with his historic visit to Britain this weekend despite Falklands fighting. Vatican aides warned he may shorten the trip or cancel meetings with Thatcher to emphasize a religious and pastoral purpose. The pope will visit nine cities in England Scotland and Wales amid Protestant opposition and hopes for healing Catholic Anglican rifts with Queen Elizabeth II and Archbishop Runcie.
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London
John Paul 1
Britain
Falkland Islands
Vatican
Margaret Thatcher
Falklands
Argentina
South Atlantic
Thatcher
Pope
England
Scotland
Wales
Elizabeth II
Church of England
Canterbury
Robert Runcie
Henry VII
Rome
Catherine of Aragon
Holy See
Big Missouri Quake Forecast Fears 15 Billion Midwest Damage
Scientists at a St Louis workshop warned a major earthquake centered in Missouri’s Bootheel could cause up to 15 billion dollars in damage across the Midwest from Dallas to Chicago. They urged tougher building codes and preparedness, citing the New Madrid fault and historical quakes of 1811-12.
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ST. Louis
America
Missouri
Bootheel
Midwest
Dallas
Chicago
Mississippi Valley
Otto W. Nutttli
St. Louis University
Nuttli
U.S. Geological Survey
Federal Emergency Management Center
Nutth
United States
Rocky Mountains
New Madrid
Marked Tree
Ark
Cairo
Cincinnati
Nuttl
Arthur Atkisson
University of Wisconsin-Green Bay
California
Atkisson
Ted Algermissen
Arkansas
Kentucky
Tennessee
Mississippi
Ohio
Citibank Cuts Prime Rate Amid Rate Declines
Citibank reduced its prime lending rate by half a point to 16 percent, the bank's spokesman said the move aligns with money market trends. The rate drop follows earlier declines in short-term rates helped by easing Federal Reserve credit conditions since May, with Treasury bill yields and six month savings certificates also easing.
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National Association of Business Economists
Treasury
New York
Citibank
John Maloney
Federal Reserve System
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