THE CONGRESS: Bold Reforms for Better Budgeting

Senator Sam Ervin, co-author of the bill, proudly calls it "one of the most important pieces of legislation considered during my service in the Senate." Republican Senator Charles Percy, another coauthor, claims that it is "one of the historic turning points in the evolution of our institutions." The bill has been hailed by many liberal Senators, notably Maine's Edmund Muskie and California's Alan Cranston, as well as by such conservatives as Virginia's Harry Byrd Jr. and Tennessee's William Brock.

With this kind of broad agreement, the Senate last week passed by the...

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