The Second Time Around

Reagan and Senate Republicans okay a budget, but can it pass?

"We're going to get a budget," exclaimed Senate Majority Leader Howard Baker. "We're well on the way." Baker's enthusiasm may have been a trifle premature. Just a week after negotiations between the White House and Congress on the budget for fiscal 1983 had broken down amid partisan squabbling, a new compromise proposal was hastily approved by Ronald Reagan and the Republican-controlled Senate Budget Committee. Yet no sooner had the White House and G.O.P. leaders reached that accord than congressional Democrats launched a...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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