Fragile truce in budget war eyes stopgap bill
Congress inches toward a stopgap budget to avert a federal shutdown as Republicans and Democrats clash over priorities. The House poised to approve a 9-week funding delay beginning the new fiscal year, with the Senate likely to follow. Clinton would sign, postponing hard choices to November 13 while debates over Medicare, Medicaid, taxes, and social programs continue.
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Washington
Congress
Clinton
House
Senate
Charman
Bob Livingston
White House
Leon Panetta
Arlen Specter
R-Pa
Senate Appropriations
Bob Kerrey
Nebraska
Canavess
Clinton Ready to Veto Bills in Budget Showdown
President Clinton and aides threaten vetoes of eight of thirteen spending bills as the budget battle with Congress heats up. The clash centers on government's role, with Republicans pushing seven year plans while Clinton aims for ten. Political aides say vetoes could lead to bargaining, shaping 1996 ambitions.
MENTIONED IN THIS ARTICLE
Washington
Clinton
Republican Congress
Ann Lewis
Gore
GOP
Elizabeth Morra
House Appropriations Committee
Congress
House
New C-note unveiled with security upgrades and larger Franklin
Washington unveils the redesigned one hundred dollar bill in a ceremony at the Cash Room. Treasury Secretary Robert Rubin and Fed Chair Alan Greenspan tout the change as a pre-emptive strike against counterfeiters. The portrait shifts left, gains white space, and adds features including color shifting ink and repositioned security threads to deter forgery.
MENTIONED IN THIS ARTICLE
Washington
U.S
Ben Franklin
Sughily
Treasury Department
Treasury
Robert Rubin
Federal Reserve
Alan Greenspan
Franklin
Generous defense bill could face veto by Clinton admins
Washington reports Congress plans a $243 billion defense appropriations bill with extra spending on two additional B 2 bombers and several unrequested items. The Clinton administration signals a veto, citing inflation of funding, while backing some missile defense research and core programs like six F 15s and six F 16s.
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Congress
Pentagon
Clinton
White House
Republican Congress
House
America
Nower
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