Time Out in Washington

Carter and Reagan pause before plunging into their futures

It was half time in national politics or, perhaps more aptly, that moment in a relay when the baton hangs between outstretched hands about to meet. Major crises were unresolved: 52 Americans were still held hostage in Iran, and the U.S. economy threatened to dip once more into recession. But on the banks of the Potomac, all seemed unusually peaceful. Congress was in recess, and Jimmy Carter was getting ready to retire to Plains, Ga. President-elect Ronald Reagan had not yet arrived in the capital....

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