As soon as Treasury Secretary Donald Regan and White House Chief of Staff James Baker finished their pas de deux in the West Wing press room, Congressmen tried to put a cautiously upbeat spin on the news. "It seems logical once you get over the first surprise," ventured Indiana Republican Richard Lugar, chairman of the Senate Foreign Relations Committee. "It's something I wouldn't have thought of," said Senate Majority Leader Robert Dole of Kansas. "But it turns out it's a good switch."
That will mainly be determined on Capitol Hill, where the success or failure of the President's economic initiatives will...