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...This is truly one of the historic days of American governmental history." --Speaker of the House Newt Gingrich in an attempt to make an otherwise tedious budget debate actually sound interesting...

Author: NO WRITER ATTRIBUTED | Title: NEWSPEAK | 11/21/1995 | See Source »

...ground between them. But that approach has so alienated members of his party on Capitol Hill that Clinton and his aides have come to realize that without an immediate show of resolve, he may have no allies when it comes time to cut a budget deal with Newt Gingrich. At a pep rally attended by scores of congressional Democrats, Panetta vowed that "for this President, no deal is better than a bad deal." But listeners like Representative Jim McDermott of Washington State were far from persuaded. "There weren't three people in there who believed it," says McDermott...

Author: /time Magazine | Title: CORRECTING HIS POSTURE | 11/20/1995 | See Source »

...MISSING SOMETHING? THE ELEphants want to take money and health care away from the poor elderly and give it to the wealthy [THE ECONOMY, Oct. 30]. What's wrong with this picture? If Newt Gingrich and his gang think the $245 billion tax cut is going to encourage an outpouring of philanthropy, they are sorely mistaken. History has proved that the haves do not take care of the have-nots. Or maybe Newt et al. want the cut because it benefits them personally. KATE DOBBS Indianapolis, Indiana...

Author: /time Magazine | Title: Letters, Nov. 20, 1995 | 11/20/1995 | See Source »

...Newt Gingrich says that he has virtually decided not to challenge Bob Dole for the Republican nomination for president. Gingrich told CBS this morning that it is "very, very unlikely" that he will run. "It just wasn't in the cards for Gingrich," says political correspondent Michael Kramer. "He probably made the right political decision. Gingrich has real problems with polarizing voters. The budget impasse might have something to do with deciding not to run, but the main reason is that he doesn't want to give up the power of the Speakership to pursue an ephemeral goal that might...

Author: /time Magazine | Title: NEWT TO STAY PUT | 11/20/1995 | See Source »

Coming on the heels of Colin Powell's decision, Gingrich's announcement means that Dole's most serious potential challengers will stay out of his way, leaving a gaggle of GOP hopefuls to fight it out among themselves. Kramer says that it's now up to Phil Gramm and Lamar Alexander, who finished second and third respectively in Saturday's Florida straw poll, to challenge Dole. Says Kramer: "Alexander did very well in Florida by organizing well and spending a tremendous amount of money. But he faces real problems in New Hampshire and Iowa. I look...

Author: /time Magazine | Title: AND THEN THERE WERE NINE | 11/20/1995 | See Source »

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