The Biggest Challenge

Searching for a new way to cut steep inflation and restore sound growth

Ronald Reagan's first two visits to Washington after his election were triumphal processions through a capital that marveled at his charm. His third tour of his new domain last week was more like a general's inspection of the troops he will shortly have to fling into a decisive battle. Preparations for the Inaugural gala were overshadowed by a series of warnings that the new Administration must begin moving almost immediately to meet what is clearly its biggest challenge: mending the...

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!