World Notes: Jan. 13, 1986

MEXICO Borderline Relationship

Ronald Reagan realized that a half-day summit with Mexican President Miguel de la Madrid last week could not begin to resolve differences between their two countries. So he used his four-hour stopover in Mexicali to drive home U.S. concern over Mexico's $96 billion foreign debt. The U.S. has been urging Mexico to cut government spending and increase private investment. De la Madrid told Reagan that Mexico was making "increasingly strenuous efforts," but was hampered by factors like the dropping world price of oil. The Mexican President seemed close to endorsing a plan by U.S. Treasury Secretary James Baker...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!