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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jan 04, 1987
Page
1
Washington defeats Chicago by upset while Penn State clinches national college football title with a 14-10 win over Miami. Browns coverage continues alongside.
The brief notes a light day with a focus on interior and exterior topics. It hints at earlier details found on Page A-3, guiding readers to follow up for fuller information.
President Reagan prepares the seventh budget seeking no new taxes, large defense increases, and cuts to housing education mass transit and student loans. The plan repeats themes lawmakers already rejected and aims to trim deficits toward about 108 billion dollars in 1988, with CBO suggesting 61 billion in reductions may be needed.
Israeli Prime Minister Yitzhak Shamir said Israel could prove it did not know U S funds from arms sales to Iran were diverted to the Contras. He promised cooperation with U S investigators and denied prior knowledge, while Kimche dismissed North’s claims and emphasized Israel sold arms at U S request.
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