How a fiscal impasse, in 1990, was brokenBreaking News
Back when leaders led, followers followed and the news media made less noise, the commanding figures of American government retreated to Andrews Air Force Base to forge a bipartisan budget compromise.
That 11-day summit meeting failed — despite the threat of deep automatic spending cuts, and despite the top Republican’s acknowledgment that taxes had to go up.
A smaller group of negotiators later struck a deal inside the Capitol. That failed, too — defeated on the House floor by a coalition of liberal and conservative rebels.
History now recalls those events in the fall of 1990, and the agreement Congress eventually enacted, as the opening chapter of Washington’s long, successful climb out of the deficit hole of the 1980s. And they offer a perspective on the current stalemate between a White House and a Congress struggling to repeat that achievement....
comments powered by Disqus
- Jewish history is under siege in the middle east and these volunteers are risking their lives to protect it
- 'Amazon should stop selling Holocaust denial books'
- National Museum of African American History and Culture Reaches Milestone of 1 Million Visitors
- What Makes a President Great? Clipping? Sipping? Slashing?
- Carla Hayden says Frederick Douglass "might have a lot to do with the fact that I am a librarian”
- Historian and Antiwar Activist Marilyn Young Dies at 79
- Trump Chooses Historian H.R. McMaster as National Security Adviser
- Holocaust Historian Deborah Lipstadt Explains Why People Believe Trump's Lies
- Princeton’s Harold James warns World War Three is now a "serious threat”
- Israeli schools' history lessons create good soldiers, says pundit