Treasury Ups Debt Limit Amid Budget Debate
The Treasury secretary and assistant secretary say the new 32 billion debt authority keeps Social Security checks cashing while forecasting a potential trillion dollar debt by 1981. Congress delayed the measure over balanced-budget demands, risking higher future interest costs and highlighting that current spending necessitates the extension to meet existing law. Budget figures for fiscal 1980 are due by May 15.
MENTIONED IN THIS ARTICLE
Treasury Department
Richard Kelly
Treasury
Congress
Kelly
Mr. Kelly
Michael Blumenthal
Harry F. Byrd
Virginia
Nuclear investment shows faith in power despite Three Mile Island
The New York Times reports Virginia Electric and Power Co sold 100 million dollars in bonds to fund a 2.5 billion 1979 81 construction program. Investors sent the bonds to a small premium amid Three Mile Island concerns, suggesting belief in nuclear power’s future despite recent plant shutdowns and earthquake questions.
MENTIONED IN THIS ARTICLE
Virginia Electric and Power Co
Wall Street
Three Mile Island
Times
Susquehanna River
Hyde praises Conte for winning Congressional chili cook-off
Rep. Henry Hyde touts Massachusetts Rep Conte’s victory in the Third Annual Congressional Chili Cook-off. He jokes about Conte’s hot chili and its imagined impact on SALT talks, energy policy, and diplomacy while saluting Conte as an epicurean elite member.
MENTIONED IN THIS ARTICLE
Hyde
Speaker
Middle East
House
Massachusetts
Mr. Conte
New England
Energy
Schlesinger
EPA
Vance
America
Conte
Confluence of Interests in Iraq
Iraq faces Soviet subversion risks under Baath rule while guiding Arab states against the Carter administration. Afghanistan’s coup, Kurdish tensions, and oil leverage shape Baghdad's wary stance toward Moscow. The unlikely mutuality with the United States centers on preventing Soviet entry amid Iraq’s oil wealth and regional influence.
MENTIONED IN THIS ARTICLE
Field Enterprises Inc
Baghdad
Iraq
Middle East
Carter
Moscow
Communist Party
Baath Party
Iran
United States
Afghanistan
Italy
Unita
Soviet Union
Saudi Arabia
North Yemen
South Yemen
Nort
Yemen
Syria
Mideast
Jimmy Carter
Washington
Coal Slurry Pipeline Prompts Western Water and Rail Clash
Wyoming and Montana push a 25 million ton coal slurry scheme to Houston via a 40 inch pipeline, drawing opposition from railroads and unions. Environmental and water rights questions loom over the Little Big Horn watershed as Montana and Crow Nation threaten suits, while Gov. Herschler withholds signing amid unresolved issues about export of water and federal regulation.
MENTIONED IN THIS ARTICLE
New York Times
Cheyenne
Wyo
Montana-Wyoming
Houston
Tex
Wyoming
Ed Herschler
Montana
Gulf Coast
Burlington and Northern
Railroad
Little Big Horn
Yellowstone Basin
Little Big Horn National Forest
Gov. Thomas Judge
North Dakota
Crow Indian Reservation
Sheridan
Dan Old Elk
Old Elk
Texas Eastern Development
Herschler
Gulf of Mexico
Texas Eastern
April Fool in Washington a witty national figure
Interview with a self described April Fool who jokes about politics and Spring “fool” time. The dialogue covers Washington life, nostalgia for past leaders, and the folly in public affairs as he wanders from gardens to the State Department and Pentagon.
MENTIONED IN THIS ARTICLE
Hillsboro
North Carolina
Valley
Virginia
Fiery Run
Martha’s Vineyard
Ayatollah Khomeini
Iran
Also Mentioned on This Page
Vepco
Surry
Henry J. Hyde
R-Ill
Winchester Evening Star
Roy E. Potts II
Lewis H. Ebert
Eugene P. Miller
David O. Loomis
By Rowland Evans
Robert Novak
By Tom Wicker
Crows
Texas Eastern Transmission Company
Rangement
Gov
Thomas
By James Reston
April Fool
Mr. Fool
Ronald
Harold Stassen
Weshionses Seneier
Jefferson Memorial
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