BY DOUGLAS A. CRISCITELLO AND OWEN F. BARWELL
Faced with a bleak fiscal outlook, Republican leaders reach an accord with Democrats by agreeing to increase revenues, risking some political pain in order to focus on the country's economic well-being. The latest headline from Washington? No. But it is what occurred 22 years ago, when President George H.W. Bush famously abandoned his "read my lips" pledge against new taxes.
The 1990 agreement included an overhaul of the arcane rules used to budget for the government's various credit programs, including loans for homes, education and small businesses. The update was badly needed. But the new rules masked both the true ...
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