Senate backs three year boost in defense spending
Senate backers of higher military spending push a three year increase seen as a sign of resolve against Soviet power. Defense Secretary Brown says 24.9 billion in raises are more than needed. The plan includes 3 percent real growth in 1980 and 5 percent boosts in 1981 and 1982, with a 3.2 billion price tag for 1980.
MENTIONED IN THIS ARTICLE
Robert Parry
Associated Press
Washington (Ap
Senate
U.S
Harold Brown
Brown
Senate Foreign Relations
Carter
North Atlantic Treaty Organization
House
Federal Reserve raises discount rate to eleven percent
The Federal Reserve Board voted 4 to 3 to raise the discount rate from 10.5 percent to 11 percent, signaling concern over inflation and dollar strength. Economists warn higher rates may curb borrowing but risk deepening the recession as industrial output falls and retail sales stay weak.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Associated Press
Washington
Treasury
Paul Volker
G. William Miller
Carter
Kudlow
Tornado devastation hits Houston west side homes
A Tuesday tornado tore through Houston's Country Village area destroying 10 homes and damaging 40 more, leaving about 20 families homeless. A Brazoria County twister damaged a business and several homes, while another Houston area tornado caused mobile home damage and window breakage. No deaths reported.
MENTIONED IN THIS ARTICLE
Houston
West Side
Susan Whitworth
Country Village
Katy
John Caswell
Harris County
Brazoria County
Sheriff's Department
Conferees Reach Rationing Pact for Gasoline Plan
Congress is poised to grant President Carter standby authority to impose gasoline rationing during severe shortages. A House Senate compromise allows Congress two veto shots, one when a rationing plan is drafted and another if the president seeks to impose it. Senate negotiator Bennett Johnston called the pact workable and likely to win approval, while Rep. Clarence Brown opposed it as the worst of both approaches. The plan triggers if oil supplies drop 20 percent, with possible waivers needing bipartisan approval and potential veto overrides. Other actions include a $3 per barrel tax credit for alternative fuels and a $600 million loan program to spur gasohol production.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Congress
Carter
House-Senate
House
Senate
Bennett Johnston
D-La
John Dingell
Rail pickets withdrawn after brief Kansas City protest
Pickets from the United Transportation Union set up at Missouri-Kansas-Texas railroad yards in Kansas City and Katy yards in Dallas and Fort Worth to block rail car shipments aiding the strikebound Rock Island Railroad. After about five hours an agreement with railroad officials led to their withdrawal. Howard Kenyon, international vice president.
MENTIONED IN THIS ARTICLE
Kansas City, Mo
Missouri-Kansas-Texas
United Transportation Union
Union
Kansas City
Katy
Dallas
Fort Worth
Rock Island
Howard Kenyon
International
Chris Putsche
Denison
Texas
UTA
Missouri
Reeves County Grant Approved for Peace Officer Training
Governor William P. Clements Jr approved a 22681 grant to the Permian Basin Regional Planning Commission under LEAA funds to provide basic certification and specialized training for peace officers across Reeves County and the region as part of a statewide 194 grant package under the Crime Control Act of 1976.
MENTIONED IN THIS ARTICLE
Austin
William P. Clements, Jr
Reeves County
Permian Basin Regional Planning Commission
Clements
Law Enforcement Assistant Administration
LEAA
Weather prospects for Pecos and West Texas region
Partly cloudy skies in Pecos today with showers and thunderstorms likely in the southeast. Thursday mostly fair and warmer with high temperatures in the 70s to 80s, near 90 in lower elevations of Big Bend. Tuesday highs reached 84 and the morning low was 57.
MENTIONED IN THIS ARTICLE
Pecos
Texas
Big Bend
Also Mentioned on This Page
U.S. Senate
Sam Nunn
D-Ga
Pentagon
Capitol Hill
Soviet Union
Nunn
David Dutchover
Lawrence Kudlow
Bear, Sheares and Co
Henry Reuss
Dwis
House Banking Committee
Fed
Senate Finance Committee
House Agriculture Committee
S. Oak
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