Conservative House Democrats were expected to release a
budget-balancing package in which they propose to save $103 billion
over five years by reducing the increase in the Consumer Price
Index by 0.8 percent. Also, President Clinton urged Robert
Torricelli (D) of New Jersey, the only US senator believed still
undecided on the issue, to vote against the balanced-budget
amendment. He voted in its favor while serving in the House.
Caution is "especially warranted" for the stock market in 1997,
Federal Reserve chairman Alan Greenspan told a Senate panel in a
report on the economy. He also said he could not rule out a
preemptive increase in interest rates. The Dow Jones industrial
average dropped more than 100 points shortly after his remarks, but
recovered some of its lost ground moments later.
Senate majority leader Trent Lott renewed his call for an
independent counsel to investigate whether the White House was used
illegally for Democratic fund-raising. "The Lincoln Bedroom was
never sold," Clinton said after it was revealed that he was
involved in initial planning to invite financial backers for
overnight stays. Several spent the night in the Lincoln Bedroom.
The US Supreme Court began hearing arguments on a Nevada dispute
that could affect land-use planners and landowners nationwide. The
justices are expected to reach a decision by July on what steps
property owners can be required to take before claiming in court
that they were improperly prevented from building on their land.
Secretary of State Madeleine Albright planned to meet today with
high-ranking Saudi officials to discuss last year's bombing at a US
military base in Dhahran, which killed 19 Americans. The Saudis
promised greater cooperation in the investigation during an earlier
meeting with Clinton.
Congress opened a tap to allow funds for overseas family
planning to flow again after a half-year freeze. The White House
hailed the Senate vote to begin releasing $385 million provided for
in the 1997 budget.
Clinton's "don't ask, don't tell" policy toward homosexuals in
the military is a failure, according to a report to be released by
the Servicemembers Legal Defense Network. The report shows a 42
percent rise in the number of homosexuals discharged from the
military since the policy was enforced in 1994.
A prominent supporter of abortion rights admitted he lied during
a 1995 ABC "Nightline" interview when he said "partial birth"
abortions are performed rarely and only to save a mo-ther's life.
Ron Fitzsimmons, executive director of the National Coalition of
Abortion Providers in Alexandria, Va., said the procedure is common
for healthy mothers who are five months pregnant with healthy
fetuses, The New York Times said. Congress tried to ban the
procedure, but Clinton vetoed the measure.
FBI Director Louis Freeh ordered an investigation into whether
the bureau covered up possible inaccurate testimony during the
ouster of US District Judge Alcee Hastings in 1989. Freeh said an
internal memo alleging evidence was falsified in the bribery case
was withheld from Congress and now congressman Hastings (D) of
Some 41 federal indictments were handed down in Roanoke, Va., in
a drug operation. The operation used 20 high-tech boats that evaded
radar by riding mostly submerged. Each boat used by Colombia's Cali
cartel carried two people and a ton of cocaine. Most of those
indicted will escape prosecution because they live in Colombia,
which has no extradition agreement with the US, prosecutors said.
Chemical heir John du Pont was convicted of the third-degree
murder of Olympic wrest-ling star Dave Schulz. A jury in Media,
Pa., found him guilty but mentally ill. He could be released on
parole in as little as five years.
Americans charged more than $1 trillion on their credit cards in
1996, the Consumer Federation of America reported. It said
one-third of the charges were being paid in installments. …