I have today signed into law H.R. 1056, which limits the fees that may be charged by the Government National Mortgage Association (GNMA) for its guarantees of privately issued mortgage-backed securities.

Let's sit down and talk about the two budgets.

Now, thanks to them and their hard work and vision, and to the vision and perseverance of the American people and of our allies, all humanity can begin to look forward to a new era of security when the burden of nuclear terror is lifted…

The other provisions of H.R. 1157, which would further expand the $400 million disaster relief program contained in the Continuing Appropriations Act for Fiscal Year 1987, are seriously objectionable.

SDI truly serves the purposes of offensive weapons reduction.

I have repeatedly pledged that SDI capabilities will never be used for offensive purposes.

The administration opposes enactment of H.R. 1157.

The budget process is, indeed, a sorry spectacle: deadlines delayed or missed completely.

We will still be spending some of that $900 million in the coming years, but it won't show in the '88 budget.

This bill would enable the public, the Congress, and the administration to evaluate accurately the costs and benefits of direct loans and loan guarantees.

We met our deadline and submitted to Congress a fiscal year 1988 budget that meets the Gramm-Rudman-Hollings deficit reduction goal without raising taxes.

It's time to put politics aside and do what the Congress knows has to be done sooner or later anyway: give the American people a budget process that controls spending.