WASHINGTON WINDFALL

A BOOMING ECONOMY HELPS CONGRESS AND CLINTON GLIDE TO A HISTORIC BUDGET-BALANCING DEAL. BUT A TRICKY DETAIL REMAINS: TAX CUTS

When they announced their historic budget deal last week, the big players all had their historic smiles on. In Washington they know how to produce those expressions even when they sign bills declaring National Sawdust Week. But this time that look of thoughtful satisfaction was right for the occasion. Out-of-control deficits, like the ones heaped up in the 1980s, are historic disasters. Bringing them under control requires a rare convergence of wisdom, determination and good fortune. So when those things came together last week, everybody made a grab for the glory. Bill Clinton called the deal "a balanced budget with balanced...

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