Word: payment
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...Robert Rubin. Markets and Congressional negotiators trembled Wednesday when Moody's threatened to downgrade its rating of $387 billion in U.S. bonds because it said the budget impasse had 'significantly increased the risk of a default.' Urged on by House Speaker Newt Gingrich's offer to make a "down payment" on reaching a budget deal, Tumulty reports that even hard-line House Freshmen appear ready to make a deal. "The threat of not extending the debt ceiling was going to be their last hurrah, and it now looks like the Republicans are going to make a deal to extend that...
...much earlier then people say, 'The payment's not due until the 19th, why is she telling me now?'" she said...
...messages, which were sent to each student whose spring payments had not been received, read in part: "We would like you to know that as of 18 January 1996 you are not financially cleared to register. Payment for this term should be made immediately...
WASHINGTON, D.C.: With the threat of another government shutdown looming Friday, House Speaker Newt Gingrich put the ball back in the Administration's court with an offer to make a 'down payment' on a balanced budget, while leaving major disagreements until after November elections. In doing so, Gingrich accepted the deal proposed by President Clinton in his Tuesday State of the Union speech, where the President proposed putting off a long-range budget reduction plan while enacting changes on which the two sides already agree. Gingrich called Clinton this morning to close the deal. White House correspondent James Carney says...
...Health Net's Greaves and QualMed's Hasan formally agreed to merge their companies. The merger triggered a "termination agreement" under which Greaves would receive a lump-sum payment of $1.1 million because technically he had been terminated from his former positions--even though he became cochairman and co-chief executive of the parent of the merged companies, Health Systems International, a job that paid a base salary of $865,000. "I gave up my sole authority as president, chairman and ceo," says Greaves, "and my contract said if that happens you get paid out your contract...