After the Lost Weekend

Budget deadlock, a veto, brief layoffs—and no solution in sight

It was yet another battle of wills between the White House and Capitol Hill on fiscal restraint, and the ambiguous outcome did credit to neither branch of Government. In what Democratic Senator William Proxmire of Wisconsin aptly described as the "lost weekend," Ronald Reagan responded to his first defeat in Congress by casting his first veto. The President did so in defense of frugal government. Yet he acted at a moment when the Government was technically out of funds, and for one astonishing day,...

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