Budget endgame paused as Reagan signs stopgap relief
President Reagan signed a stopgap emergency spending bill expiring December 15, ending a brief government shutdown and halting a contentious budget battle with Congress. The measure, opposed by Democrats, extends interim funding and resumes normal operations while leaving major spending goals unsettled.
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Inflation growth slows to lowest since mid 80s
The government reports October CPI up 0.4 percent, marking the slowest monthly rise since summer 1980. Annual CPI pace for 10 months hits 9.6 percent, with housing costs flat after 15 straight monthly increases and 1981 inflation predicted near 9.5 percent.
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Labor Department
Treasury bill yields slide further with weekly drops
Treasury bills rallied with yields falling for the fifth straight week. The six month bills, about 4.7 billion dollars sold at 10.915 percent, down from 10.972. Three month bills at 10.56 percent, eased from 10.693. Banks and thrifts may pay up to 11.779 percent on 10 thousand six month savings certificates starting Tuesday, down from 12.455.
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Washington
Treasury
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Brady home from hospital after Reagan shooting injury
White House press secretary James Brady, known as the Bear, left George Washington University Hospital for his suburban Virginia home eight months after a brain injury from the Reagan assassination attempt. He walked with help and a cane, flashing a thumbs up as fans cheered, while doctors cautioned seizures or fluid leakage could recur.
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