Republicans on Hill agree on no tax hike, big deficit

House and Senate Republican leaders agreed on a budget strategy that appeared to rule out tax increases this year and recognized that the federal deficit could be almost twice the size that President Reagan projected.

The deficit may run as high as $80 billion in 1982, said Senate majority leader Howard H. Baker Jr. of Tennessee.

Share this story:

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK