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Clinton, Congress Strike Deal on 1999 Budget

President Clinton walks arm in arm with members of his staff after announcing the budget deal Thursday. (Bill O'Leary - The Washington Post)

Highlights of Spending Deal
Overall spending: Roughly $500 billion for fiscal 1999, including $20 billion of "emergency" spending using surplus funds.
Education: $1.1 billion as down payment to hire 100,000 new teachers.
International Monetary Fund: $17.9 billion of new financing, with restrictions on future loan practices and agency operations.
Agriculture: Nearly $6 billion of additional aid to distressed farmers and ranchers.
Defense: $9.2 billion more for Bosnia peacekeeping, military readiness, intelligence, missile defense, anti-drug activities and computer problems.
Contraceptives: Expanded prescription coverage for female federal employees.
Census – Put off until June 15 decision on whether to permit use of statisical sampling.

The White House and the Republican Congress finalized a fiscal year-end budget deal on Thursday. Read below for full coverage:

Clinton, Congress Reach Deal
The budget deal reached Thursday settled big political fights and provided for huge spending increases in key programs.

A Great Day for Clinton
Thursday was especially sweet for a president who just seven days ago became the subject of an impeachment inquiry.

Deal Settles Many Issues
The budget agreement settled a vast array of disputes including those over defense spending, environmental programs, immigration rules for high-tech guest workers and Internet pornography.

Some in GOP Appalled
The $500 billion budget deal appears to some Republicans to have shattered the pledge of fiscal austerity they thought they had taken when Newt Gingrich led them to power in 1994.

U.N. Dues Tied to Abortion Bill
Congress' year-end budget deal includes $475 million to start paying off back U.S. dues to the U.N., but only if President Clinton accepts antiabortion restrictions that he opposes.

Tech Field: King of the Hill
Industry officials were celebrating Thursday what turned out to be a good year for technology interests in the Capitol.

IMF Gets Cash, Plus Some Change
Congress is giving the International Monetary Fund the money the organization says it desperately needs.

Merrill's Fight for Bank Reform
Merrill Lynch & Co. was the major force behind a failed bid to overhaul the banking industry.

© Copyright 1998 The Washington Post Company

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