Page 10 • Thursday, September 24, 1998
N
ews
Gingrich rejects request to limit
Clinton impeachment inquiry
WASHINGTON
(AP) — Speaker
Newt Gingrich re
jected a call from
the House’s top
Democrat
Wednesday to im
pose a time limit
on a looming im
peachment in
quiry and suggest
ed President Clinton speed the
process by having reluctant aides
answer grand jury questions.
In a swift rebuttal, presidential
spokesman Mike McCurry said
Gingrich will bear the blame for a
process that could “drag on and on
and on endlessly” in defiance of
the public’s wishes.
The volleys from opposite ends
of Pennsylvania Avenue under
scored the hardening of partisan
lines a few weeks before national
elections, even as both sides pro
fessed to favor a cooperative ap
proach to the nation’s first im
peachment inquiry since Watergate
a generation ago.
Republican officials said that
the Judiciary Committee would
probably meet next week to hear
senior lawyers lay out the evi
dence that Independent Counsel
Kenneth Starr has submitted,
much of which already has been
made public.
The full House would vote for a
formal impeachment inquiry be
fore lawmakers adjourn in early
October, and hearings would begin
after the Nov. 3 election.
Greenspan signals interest cuts
WASHINGTON (AP) — Feder
al Reserve Chairman Alan
Greenspan ignited a rally on
Wall Street on Wednesday by
signaling that he and his fellow
policy-makers will cut short
term interest rates next week.
Greenspan told the Senate
Budget Committee that he saw
“few signs the financial crisis
that started in Asia last year has
subsided” and that world policy
makers “have to be especially
sensitive to the deepening signs
of global distress.”
The central bank chair re
fused to say whether the Feder
al Open Market Committee,
which includes Federal Reserve
Board members and regional
Federal Reserve Bank presidents,
will vote Tuesday to cut rates for
the first time in more than two
and a half years.
But, he assured senators, “I do
not think we underestimate the
severity of the problems with
which we are dealing. ”
A reduction in short-term in
terest rates would cushion the U.S.
economy from overseas turmoil
by making it cheaper for con
sumers to finance major purchas
es and for businesses to expand
and invest in new equipment.
Economists said his com
ments, coupled with last week’s
testimony to the House Budget
Committee and a Sept. 4 speech
in California, unmistakably sig
naled Fed policy-makers were
prepared to cut the benchmark
federal funds rate, which banks
charge one another on
overnight loans.
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The Texas A&M
University Career Center
presents...
in interviewing
s
uccess
September 24
7:30 p.m.
159 Wehner
Make sure you know what is “suitable” to wear to your on-
campus interviews this fall. Sponsors and presenters are from
Foley’s and The Suit Club.
Two suits and other door prizes will be given away!