Budget stalemate abates as stopgap bill moves forward
Congress nears sending a stopgap budget to President Clinton to avert a federal shutdown. The House and Senate expect to approve a six week extension beginning Sunday, delaying major fights over Medicare, Medicaid, taxes, and other programs while negotiations continue on permanent spending bills.
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Clinton
House
Senate
Charman
Bob Livingston
Ublican
White House
Leon Panetla
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R-Pa
Senate Appropriations
Bob Kerrey
Nebraska
Cinton
Clinton set to veto eight of thirteen spending bills
President Clinton signals likely vetoes on eight of thirteen GOP spending bills as budget wars begin. Republicans push seven year balance, cutting funds for Palestine, environment, education, police, and aid to the poor to shrink government. Vetoes would force bargaining across Congress and shape 1996 campaign stakes.
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Republican Congress
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House Appropriations Committee
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New C-note debuts with bold security makeover
The U S government reveals a redesigned series of one hundred dollar bills to deter counterfeiters. Ben Franklin remains prominent but enlarged and moved left of center. A watermark portrait appears when held to light, plus color shifting ink and vertical security threads vary by denomination, aiming to thwart forgery.
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Washington
U.S
Ben Franklin
Treasury Department
Treasury
Robert Rubin
Federal Reserve
Alan Greenspan
Franklin
Generous defense bill faces potential presidential veto
Washington reports Congress moves to approve a $243 billion defense bill, adding $7 billion in unrequested Pentagon programs. The Clinton administration signals a veto, opposing extra B-2 bombers, a national missile defense effort, and several unrequested fighter and support aircraft funding while honoring portions of the military modernization plan.
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Pentagon
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White House
Republican Congress
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America
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