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Focuses on the economic and management challenges facing the U.S. Federal Emergency Management Agency (FEMA) following Hurricane Katrina. Controversy surrounding FEMA's no-bid contract with the Carnival Corp.; Review of how the rebuilding effort will be the most expensive government building exercise in history; Economic statistics related to the cost of the recovery effort; Political controversies stemming from government contracts involving Halliburton Co. and Kellog Brown & Root.

The $1 trillion budget President Reagan presented to Congress is his toughest ever. He proposes, without raising taxes, to get the deficit down to $143.6 billion for 1987. It will be hard to push such a budget through Congress. Reagan's key proposals for 1987. INSET: What Reagan sought and what Congress delivered.;everything you....

Reagan and Congress both want to cut the red ink and will battle over the President's $973.7-billion budget. Administration cuts suggested are: Amtrak subsidies, Job Corps programs, library grants, shut down the SBA, revenue sharing. The Administration wages an assault on domestic spending while Congress looks for other avenues.

Critics said loosened economic controls would bring chaos to six key industries. Advocates predicted a host of savings and opportunities. Both sides were right. In banking, a revolution makes the big winner the consumer. In the airlines, it's the survival of the fittest. Railroads are making money again after a year of decline. The telecommunications industry is most dramatically affected, and after the grumbling, ultimately these policies will justify themselves.

Looks at the five biggest challenges that President Bill Clinton faces and how he can meet them. Make the job-creation machine perform even better; Continue the rightsizing of government, carefully; Make a dramatic new commitment to improving human capital; Create more winners from global trade; Make immigration work better for long-term United States vitality; Advice from Jerry Jasinowski, Ron Blackwell, George J. Borjas, Jeffrey Rosensweig and others.

Discusses how President Bill Clinton won his budget battle, but his presidency took a beating. By choosing to deal solely with Democrats, he was left a their mercy--and lone legislators could ransom their votes for huge favors. How passage of the package leaves the Democrats solely accountable for fiscal policy; Clinton's bond-market strategy; Concessions on the budget. INSET: Help for America's working poor, by Dorian Friedman..

Reports that President Bill Clinton was able to eke out a key Senate victory with his deficit-reduction plan largely intact. Both houses have now embraced fully 80 percent of the president's deficit-reduction blueprint. Clinton's efforts to move his package through Congress; Specifics of his plan including taxes and spending cuts; Trade-offs; Upcoming battles with the plan.

Details how President Bill Clinton plans to capture former President John F. Kennedy's success with his new budgetary blueprint. Kennedy's accomplishments as president; Concerns with improving the rate of growth in the economy; Painful fiscal realities; Why Clinton can't simply install Kennedy's fiscal policies; Clinton's most interesting policy proposals; What Clinton needs to do.

Discusses why President Bill Clinton's economic plan is likely to sail through Congress. Voters demand more budget cuts; Increase in opposition to key components of the plan; The public is divided about the plan; Opposition groups that pose the most danger; Government workers; Western interests; Farmers; Defense contractors and personnel; Small-business owners; Senior citizens; Increase of the federal debt ceiling anticipated; More.

Discusses why President Bill Clinton's forthcoming budget plan, which combines a modest economic-stimulus package with a major deficit-reduction scheme, is already stirring protests. Why Clinton will ask Congress to spend roughly $16 billion more in the current fiscal year; The slimmed-down `investment' agenda; Why the plan will be hard to pass; Tensions within the administration; More. INSET: The basics of Clinton's plan..

States that President-elect Bill Clinton must read the signals carefully if he wants to deliver growth on schedule. What fiscal stimulus requires; The case against fiscal stimulus; Why Clinton still fears for the economy; The huge costs that could result if Clinton misreads the economic signals; Overview of some of the critical options to stimulate the economy; Economic conditions; Consequences. INSET: The forgotten man in Clinton's plans..

Discusses the fate of the budget in the United States, the economy and President-elect Bill Clinton's first term, all of which rests on containing medical costs. Overview of the terrain that lies ahead for Clinton; Change is wanted by voters; Judith Feder named to assemble Clinton's eventual health care team; His strategy of managed competition; Problems; The uncertainties over his plan.

Discusses how the continuing economic crisis in America threatens President George Bush's embattled presidency. The latest economic news suggesting that America may soon be consumed by a triple-dip recession; Business-failures data; How voters' decisions are affected by the recession; The hardest-hit states; Bush's hope from voters in many states; More.

Discusses how the weak economy could cause President George Bush to lose eight of the 10 largest states in the fall. Ten powerhouse states alone could tally nearly all of the 270 electoral votes needed to win; Bush was taken over by Republican presidential challenger Patrick Buchanan in New Hampshire last week; Where Bush's heavy losses are; Bush may find heavy defeat in North Carolina, Florida, and Illinois; Possible victory for Bush in Ohio and Texas; More.

Reports that new cries for protectionism and isolationism are coming from Congress, and the campaign trail and key policies are already being affected. How these sentiments rest on misleading myths; America's search for scapegoats; How President George Bush can still point to major initiatives to prove his bona fides as an internationalist; Far East debacle; Five myths about what Americans want and what's best for the nation.

Discusses the deficit in the fiscal 1991 budget and details the new spending straitjacket that last October's budget law contains, that could push the deficit to below $100 billion by 1995. Assumption that Washington abides by its new budget rules; Budget Enforcement Act: focus on real spending restraint, discretionary spending limited and protected, `pay-as-you-go' rules, expansion of entitlement programs barred; The recession's red ink; Twin deficits.

Argues that a culture of collusion, fed by free-lunch fantasies, now dominates Washington and that while structural reform won't fix it, leadership can. Political relay race to figure out how to pass the blame to the other guy and pass the budget. Ambivalent electorate; A split government; Umbilical-cord politics; The money culture. INSET: Your leaders.;Capitol stuff; Cash and carry.;Unsung heroes..

Looks at what Reagan and economic policymakers must do to stabilize the economy and how they are beginning to take action. What needs to be done. By J. Egan & R.J. Shapiro, et al. INSETS: The last line of defense (Role of Alan Greenspan &Federal Reserve Board); A Model of discretion (Paul Volcker). See also (*Newsweek, 11/9, 4c, 1 graph, p24, 5p) See also (*Time, 11/9, 7c, 1 illus, p18, 4p) See also (*Business Week, 11/9, 2c, 3 graphs, p32, 3p)

The article discusses U.S. economic behavior, focusing on the deficit-spending of 2009 and its long-term implications. Arguments are offered suggesting that the large-scale public debt of the U.S. is an unsound economic policy and that it must be reformed. Specific discussion is offered regarding the size of the national debt, the future challenges which will result from inefficient tax structures, and suggestions for changing mainstream economic behavior.

The article focuses on the Middle East's investment of oil revenues in Europe's real estate and businesses. Great Britain in particular has seen a number of Arabic investments, as their investment laws are less onerous than those in much of Europe, and due to Britain's colonial history in the Mideast. Arabic investors are cautious of the United States due to security concerns and the atmosphere in the U.S. Arabic investors are diversifying into many different markets.

Claims that unemployment may become a defining issue of the 2004 presidential election. Examples of speeches by President George W. Bush and Democratic presidential candidates in which they promised to restore jobs; Frustration among Americans at unemployment levels and fears about losing jobs; Examples of industries and companies that are still laying off workers; Concerns about manufacturing jobs moving abroad; Polls that show Americans are now more concerned about their financial future than about terrorism and war; Potential advantage enjoyed by the Democrats, who are viewed as being better at handling employment issues than the Republicans; Signs that Bush and Republicans in Congress are nervous that the unemployment issue could cost them the election in 2004; Skepticism among workers in the manufacturing industry about Bush's plans to create a manufacturing czar; Effects of tax breaks and China's low currency exchange rate and unfair trade practices on unemployment; Economists' views on how more jobs could be created.

President Reagan will tell the 11th annual Bonn conference that now is the time for Europe and Japan to help pep up the world economic growth. Margaret Thatcher (Britain) will push Reagan to cut budget deficits and help debtor nations; Francois Mitterrand (France) wants steps taken toward stabilizing the value of the dollar. The President plans to use the summit to prolong prosperity at home. If he fails, the world runs the risk of slumping into recession and economic warfare next year.

The big decisions are building up for Reagan. Huge deficits plus new softening in the economy point to needing billions in spending cuts affecting millions of people and firms. Some programs being considered for cuts are farm subsidies, medicare, federal pensions and veterans' aid. The certainties are: the new proposed budget will be a modified flat tax, Social Security benefits will not be cut, and direct benefits to the poor will be spared.

Reports on efforts of Congress and President Bill Clinton to erase the federal deficit. How they need support from Alan Greenspan, the Federal Reserve Board chairman, who controls the nation's money supply; Need for lower interest rates that will keep the economy on track; Cryptic signals sent out by the Fed; Clinton's budget proposals. INSET: The Fed head versus the president (history of uneasy partners).

Discusses how investors will need skill to stay ahead in the second half of 1994. Four increases by the Federal Reserve Board which put intense downward pressure on bond funds; Possibility of further rate rises; Equity winners that rose from the general slide; Predictions by analysts on economic growth; List of the best performers in a dismal first half of 1994.

Discusses how United States President Bill Clinton is seeing the benefits of deficit reduction. Economic response to the 1993 budget package which significantly changed fiscal policy; Federal deficit figures; Dramatic payoff from price restraints; Effects of additional deficit reduction simulated by the WEFA Group; Projections.

Examines how long-term interest rates should provide a healthy payoff for President Bill Clinton's deficit-cutting plan. Simulation of the effects of lower interest rates by WEFA Group, a prominent forecasting firm; Expectations for sluggish economic growth; Figures for business investment, jobs and employment, government debt service, and consumer prices.

Reports that the cut in short-term interest rates thrown out as an economic anchor by Federal Reserve Chairman Greenspan nine months ago, helped pull long-term rates below seven percent by the end of March, a 0.5-point drop for the quarter. Effects of falling interest rates; Equity-income funds; Foreign-bond funds; Wall Street traders; Real-estate funds; How to deal with interest-rate uncertainty in the US economy; Advice for fund investors; Details.

Presents a scenario of President George Bush conversing about the economy with some of his top money men, including: Federal Reserve Chairman Alan Greenspan, Treasury Secretary Nicholas Brady, and OMB director Richard Darman. How Bush could be at risk this fall if the economy doesn't improve soon; The five reasons why t he recovery could be weak; The consequences if the economy remains slow beyond this year; Consumer worries persist; Slow industrial growth.

Notes that Congress' inability to make tough choices threatens the economy. Voting for chaos; Rising pressures on the economy; Basic disputes that will dominate debate for the rest of this year; Most credible way to start tackling the deficit; Mounting voter fury at feckless incumbents. INSET: Anatomy of a busted deal..

Discusses some of the problems Congress is likely to have with America's senior citizens as it wrestles with the federal budget deficit. Thirty-three million senior citizens who vote in November; Measures affecting broad segments of the elderly;AARP; National Committee to Preserve Social Security and Medicare. INSET: How higher taxes stack up..

Report that in less than a decade, the world's biggest lender has become its No. 1 debtor. Discusses that with trade gaps replacing missile gaps as the main source of international friction, the US must learn to compete as one among equals or fall behind. Free trade; Analysis.

Since the record plunge of the Dow Jones industrial average nearly a month ago, the financial markets have fluctuated with nearly each scrap of economic news. The big news--a Washington deal on the deficit--has failed to materialize in the way Wall Street had hoped. The result is likely to be more instability and more peaks and valleys as the market lurches erratically forward. . See also (Newsweek, 11/23/87, 2c, 1 graph, p49, 2p)

Discussion of Reagan's influence on the economy over his four years as president. How Caspar Weinberger, Jack Kemp, David Stockman, and Paul Volcker influenced Reaganomics. When his term ends, Reagan will leave massive budget and trade deficits. INSET: The economic agenda for 1989..

The author reflects on the need for the U.S. Congress to work to decrease the national debt. He argues that U.S. President Barack Obama's decision to create a bipartisan commission to discuss ways to reduce the deficit is an important step in securing the U.S.' financial future. He notes that tax revenues are only able to cover four areas including military spending, Social Security, health spending and interest on the national debt. The remaining areas are financed largely by China and Japan.

In this article the author presents an evaluation of U.S. President Barack Obama in terms of his performance during his first 100 days in office. He focuses on how Obama's approach differs from those taken by several of the conservative Republican administrations which preceded him, in terms of economic policies and foreign affairs.

The article presents a comparison of the economic solutions to financial crises favored by U.S. Presidents Ronald Reagan and Barack Obama. Reagan preferred to cut taxes and increase military spending, while Obama raised taxes on the rich and increased domestic spending. It is said that Reagan's approach amounted to a temporary fix, based on the untenable theory that deficits could be run up indefinitely with no consequences.

The article presents a profile of the U.S. chief economist of the President's Economic Recovery Advisory Board Austan Goolsbee in relation to his influence on the economic conditions of the nation in 2009 and its future policy trajectory. Several major points of Goolsbee's professional views on economic recovery policy are included, such as moderation in correcting the housing market, tax rates, and educational investment.

The article presents discussion on U.S. economic policy as of 2009 and its need for reform. Arguments are offered asserting that taxes ought to be raised to address the imbalances in relation to gross domestic product caused by previously enacted large-scale deficit spending policies and tax-cuts. Additional comments are given regarding the financial management of the Social Security system.

The article presents a profile of U.S. president Barack Obama in relation to his influence on the economic conditions of the nation in 2009 and its future trajectory. Comments are given outlining his primary policy points, citing the centrality of economic recovery, instilling confidence in the American public opinion, and managing the national debt.

The article presents discussion of U.S. economic policy in 2009 and its need for reform. Arguments are given asserting that the U.S. public must put pressure on the government to bring about needed changes. Comments are given in regard to issues such as deficit spending policies, pending problems of demographic shifts over larger retiring populations, and education finance.

The article discusses some stock investments that could perform well during the administration of U.S. President-elect Barack Obama. Infrastructure, alternative energy, and healthcare stocks could all do well during Obama's term in office. Obama plans to spend $150 billion on renewable energy and energy efficiency projects.

The article discusses economic policy in the United States and the outlook for 2006. The interest rate hikes make by the Federal Reserve, higher oil prices, and the economic losses from three hurricanes can be blamed for the poor performance of stocks in 2005. Citigroup analyst Tobias Levkovich predicts a 1400 year-end target for the Standard & Poor's 500 index. Wells Capital Management analyst James Paulsen says interest rates are typical for post-recession markets. MKM Partners economist Michael Darda predicts more interest rate increases which will slow down corporate earnings growth.

Looks at economic conditions in the U.S. as of March 28, 2005. Increased prices and other developments in the U.S. bond market; Response of bond market investors to the potential for increase in inflation; Views of Federal Reserve Chairman Alan Greenspan on the condition of the bond market; Impact of energy market prices on investor behavior; Potential for changes in the bond market to improve economic conditions in the U.S.

Discusses the appointments of John Snow, William Donaldson, and Stephen Friedman to the economic advisory team of the administration of United States President George W. Bush. The most prominent features on the face of the Bush economic team should be familiar to those who remember the administrations of former Presidents Nixon and Ford. But neither is there likely to be much surprise in the policies that President Bush's new choices for treasury secretary, Securities and Exchange Commission chairman, and chief White House economic adviser will be called upon to sell and implement--at least not before the 2004 presidential election. The affable Snow is well practiced in congressional courting and will surely be a more reliable and effective advocate for administration policies than his predecessor. More worrisome to hard-line tax cutters is Stephen Friedman. If the new appointees' immediate role is largely cosmetic, that's likely to change in a big way--if they're still around after the next election.

Reports on efforts by Republicans and Democrats in the United States to work out an agreement on the budget. Results of a meeting between President Bill Clinton, Vice President Al Gore and Republican and Democratic leaders; Signs that the two sides want to work together; How a deal on federal spending could evolve.

To see the effects of budget cuts on domestic spending programs since Reagan took office, the fates of three programs were tracked--Medicare for the elderly, tuition aid for college, housing for the poor, and examined for the effects they are having on some of the beneficiaries.

The White House staff is planning its strategy for dealing with the budget, taxes and trade, in preparation for the next session of Congress. The aim is to reduce the deficit enough to satisfy the Gramm-Rudman, Deficit Reduction Act, without scaling back the defense build-up or raising taxes.

Much of the President's program -- from budget cuts to defense buildup -- is imperiled by House and Senate rancor. Opposition is mounting in both chambers to Reagan's plan to boost military spending by $67.8 billion during the next three years while cutting elderly and middle class America.

President Reagan and an increasingly feisty Congress battled over two bills last week. Reagan won the first by vetoing the bill that would have provided emergency credit to thousands farmers but lost when the Senate Budget Committee approved a $79-billion cut in military spending over the next three years. See also (Time, 3/18/85, p24, 1/3p)