The Nation - News from Nov. 20, 1986
Budget Director James C. Miller III, who is shaping the Administration’s budget for fiscal 1988, proposed a radical overhaul of federal lending policies. Miller said he will recommend to President Reagan that future government loans to individuals and businesses be sold to private investors as soon as they are made. The plan would be in addition to an earlier Administration proposal that the government sell more than $1 billion of old loans, Miller told a conference in Washington sponsored by the Citizens for a Sound Economy.
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