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Publication: European Stars and Stripes Sunday, November 15, 1987

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   European Stars And Stripes (Newspaper) - November 15, 1987, Darmstadt, Hesse                                Page the stars and St Hopes sunday. November 15,1987 Reagan optimistic on cutting deficit we made headway on everything Washington a president Racean said sat urday that a fair and enforceable Federal budget deficit a Duclion package is within the grasp of White House and congressional negotiators. Racean in his weekly radio address to inc nation from Camp David my. Quoted sen Pete Dominici k-n.m., in saying he is pleased with the democratic and Republican cooperation in inc search for a two year program of budget cud As sen. Do Mertici put it we made headway on everything we just did t reach closure yet he said. I want you to know that throughout the week administration representatives and member of the House and Senate continued negotiations aimed at cutting the Federal deficit Reagan said. The negotiators Are seeking to strike a bargain that would Cut some Jjo billion from the Federal deficit during 1988, and As much a $50 billion in 1989," he added. The bipartisan cooperation that has been Evi Dent in these negotiations is encouraging. I m confident that this coming week. The negotiators will agree to a deficit cutting package hat is fair and enforce  the negotiating Leass has until nov. 2010 arrive Al a negotiated program of deficit reduction and if no agreement is forthcoming there will be an automatic $23 billion Oil under provisions of the Gramm Rud Man budget balancing Law. Rep. Leon pan la of California giving the demo cratic party response said thai As a participant i can it la you thai the meetings have been difficult Frank but constructive. Achieving a budget agreement ii not easy. It lakes a willingness on All sides to Compromise on Long and wrong held  the time it past when he president can stubbornly i Nihil on having his own Way regardless of the Conse  he Laid. And the same is True for Congress. The stakes Are too  the failure to reach an agreement will Send a Terri ble signal to this nation and to inc world thai neither the president nor the Congress of the United slates is Able to govern in face of Cansis inc congressman said. While House and congressional officials arc entering their fourth week of difficult bargaining Over cutting the Federal deficit which the administration has Oil Malad will Range pail is 50 billion in inc budget year that ended sept. To. That however was Down considerably from inc More than $220 billion deficit in fiscal i h6. Negotiators met Tor less than two hours Friday but agreed thai the session moved them closer to completing work on a package thin would slash at least $75 billion from the deficit in the Neit two Yean the previous Day s session had ended with some democrats and Reagan administration officials accusing each other of hardening heir positions and upset Ting what looked like an impending agreement. Bui the tone was different Friday after the 15th Day of talks ended. The participants agreed to meet again monday. Participants in the talk say the focus now is on a proposal that would slice about s31.8 billion from the deficit Tor fiscal 1988, which began oct. 1, and 144 billion to 3 to billion in 1989. The package would include about s10 billion in new taxes ibis year and about $19 billion next year. It also would Cut about j5 billion this year from Benefit pro Grams such As medicaid and farm subsidies and j2.5 billion from Domestic spending on such things As environmental programs and education. Also contributing to inc package Are items that critics Cal soft because they Are one Lime savings. Rural electric cooperatives would be allowed to refinance their government Loans providing the Treasury wit i a j5.1 billion Cash influx. A change in How the govern ment is Selling its veterans administration loan port folios would bring in another is billion. The talks began in october after the Stock Market dropped by record amounts and president Reagan finally agreed to bargain with Congress Over la Iner Cas cruise missile Success a simulated aircraft one at three i of ii Dextro jul in cruise missile lest is struck by live Chasler bomb. Then by successfully tested a variant of the to a bilk missile that flew 500 Miles to drop clusters of null bombs on three ural. The nov. 3 lest we conducted to san Clemente Island Oft the coast of Southern California. The Navy plans to deploy the tomahawks on 107 of in submarines and on 91 of ils surface warships. Sex speaker tip o Neill hospitalized Washington a former House speaker Thomai p. Tip on Eilt 74, was in satisfactory condition in a Hospital saturday and his son declined comment on published reports that his father suffers from cancer of the Large intestine. He s in Good spirits. He be cling Fine. He s walking around mid Christopher r. Kip o Neill a Washington attorney o Neill declined to comment on re ports saturday in the Boston Globe and inc Boston Herald thai his father has cancer of the Large intestine. He referred a reporter to a statement of his brother Thomas p. O Neill Iii who said Friday that news reports that his father had can cer were not Correct the Globe quoting an unidentified source close to the family said the for Mer speaker would undergo a Biopsy next week that would determine whether a Section of his Bowel should be surgically removed or treated with radiation. Meanwhile a spokeswoman for Sibley memorial Hospital said o Neill would remain hospitalized saturday and be re leased  i expect hell be released in the next few Days Kip o Neill said. 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