- Newsmaker: National Election Reform - George W. Bush, whose own presidential election was marked by controversy, today commended former Presidents Ford and Carter for their work on the National Commission on Federal Election Reforms. Caleb Kleppner, of the Center for Voting and Democracy, says that Bush was lukewarm about their specific recommendations.
- Reporter's Notebook: The Phantom Surplus - Borrowing Money to Pay for Tax Rebates - The budget surplus was a basic assumption of last year's presidential campaign. George W. Bush said it would finance tax cuts and spending increases. Now, with tax rebate checks in the mail, the administration must borrow money to cover them. BusinessWeek's Rick Dunham has more on the politics of tax cuts and a shrinking surplus.
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