European Stars And Stripes (Newspaper) - February 8, 1989, Darmstadt, Hesse                                The stars Andot ipes rage 11---- a. A authorized unofficial publication for the . Armed forces vol. 47,no. 294 wednesday february 8, 1989 25 of airy and sunday d 8693 a Bush sent Bill after Congress defeats proposed pay hike Washington a Congress voted tuesday to take away its 51 percent pay raise and rushed the legislation to president Bush who was expected to sign the measure before a Midnight deadline. Lawmakers were anxious to end the Public outcry against the $45,500 increase which left them feeling in the words of one representative like Cannon Fod Der for trash television and talk  first the House voted to reject the raise by a vote of 380-48. Less than three hours later the Senate Fol Lowed suit by a vote of 94-6. Although Bush had supported the raise spokesman Marlin Fitzwater said his Boss will abide by the wishes of the  the congressional votes also denied Large raises for top Federal executives and Federal judges. The Constitution forbids judicial raises from being scaled Back once they have taken effect. Some lawmakers predicted that defeating the Judi Cial raises would accelerate an exodus of judges and Federal managers from government service. Senate minority Leader Bob Dole kan., said Bush told Senate republicans tuesday he might ask continued on Page 28 Fri report won t Hurt Tower Warner says Washington a the ranking Republican on the Senate armed serv ices committee said tuesday an Fri re port on new allegations against defense Secretary designate John Tower does not provide a basis for any Disque Alicica  sen. John Warner of Virginia said he was briefed by the White House on the report which sources have said entered on new charges of drinking and womanizing. He later briefed gop members of the committee. The preliminary report of the investigation which senator Sam Nunn and i requested on thursday has been made available Warner said. It provides at the judgment of White House counsel no basis on which senators could find the factual situation that would amount to any  White House press Secretary Marlin Fitzwater said our understanding is the Fri is close to concluding their re ports and they have found no difficulties or problems that Haven t been  Warner said he asked that Nunn d ga., and chairman of the committee also be briefed and that the full commit tee assemble to see the Fri report. The Virginia Republican said he expected the panel to then take a vote but he provided no specific time. It is my expectation the committee will find As i have found that the Evi Dence in part one two three four and now part five which will be made Avail see Tower on Back Page Bush unveils costly plan to rescues a Industry by the los Angeles times Washington president Bush offering his $90 billion plan for rescuing depositors at failed savings and loan associations proposed monday that Banks and healthy a is should pay More for Federal insurance and that taxpayers should contribute about $35 billion a year. Bush rejected a direct fee on depositors checking and savings accounts Al though he conceded that Banks and a is might pass on some of their new costs to their customers. We intend to restore our Deposit insurance system to Complete health Bush told a news conference where he announced a plan to Issue $50 billion in new Bonds to shut Down crippled a is. Your government has stood behind the safety of insured deposits before it does today and it will do so at All times in the future Bush said. Bush said that Federal regulators will immediately begin seizing All 350 insolvent a is to hold their future losses to a minimum. Before ultimately Selling or liquidating them the Federal regulators will manage the a is with full Powers Over investments and interest rates. Both so and Bank deposits up to $100,000 Are guaranteed by Federal insurance. The so insurance fund lacks the Cash to shut Down insolvent Thrift institutions and pay off the depositors. The Bush administration plan which requires approval from the democratic Congress would raise the insurance premiums paid by financial institutions As part of a Complex plan to dispose of 350 insolvent a is. The taxpayer contribution estimated at approximately $35 billion a year Over the first five years would be primarily limited to paying a portion of the inter est on the Bonds. The taxpayer contrib see plan on Back Page a trick to the kick the court Jester in a Rothweil West Ger Many Parade shows astonishing agility monday As he salutes thousands of other marchers and spectators with a High kick. The Rose Montag Parade one of Many held in West Germany and other european nations was the highlight of the traditional carnival festivities that ended tuesday leading up to the austerity of Ash wednesday.  -. A i Raj \.,. A a v a Fri no a ? a ,f.--.  a if ,f,t--/,.- v kv-7 a Evv or i we t3�elifell sm-if