Intelligence Spending Cut Disappoints Reagan
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WASHINGTON — President Reagan signed legislation Wednesday authorizing intelligence spending for the current fiscal year, saying he is disappointed it is 2.5% to 3.5% less than he requested.
“The intelligence community will do everything possible to meet the complex and diverse challenges it faces within current budgetary limits,” Reagan said.
The overall spending levels authorized in the bill are classified.
Based on the catchall spending bill passed by Congress, the legislation authorizes spending 2.5% less than the President’s request.
Based on the Gramm-Rudman cuts that will be in effect until Congress approves a deficit-reduction bill, the authorization would be 3.5% less than Reagan requested.
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