Agreement on FY 1990 budget plan

Authors

  • Anonymous


Abstract

The Bush administration has reached agreement with congressional leaders over a thumbnail version of the Fiscal Year 1990 budget. The plan contains few details but could have implications for NASA's Space Station Freedom and other big science projects.

Overall, the budget agreement would achieve Gramm-Rudman-Hollings targets for budget deficit reduction without raising taxes, mostly through accounting manipulation and unspecified cuts in social programs. But a supplemental bill that calls for $1.2 billion in new spending for FY 1989 is expected to go to the House floor soon. That measure would violate the new agreement and add to the deficit.

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