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Reagan Signs Budget Law

September 29, 1987|Associated Press

WASHINGTON — President Reagan signed the revised Gramm-Rudman budget-balancing law today after calling it "a fix that doesn't fix things the right way."

The President put his name to the measure at an afternoon Rose Garden ceremony. He said he signed it even though he objected to the portions of the bill that would result in tax increases or cuts in the defense budget. "This is a bill I sign with great reluctance," Reagan said.

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