 I, Wendy Lee Graham, do solemnly swear that I will support and defend the Constitution of the United States. Do solemnly swear that I will support and defend the Constitution of the United States against all enemies, foreign and domestic. That I will bear true faith and allegiance to the same. That I take this obligation freely without any mental reservation or purpose of evasion. Without any mental reservation or purpose of evasion. And that I will well and faithfully discharge. And that I will well and faithfully discharge the duties of the office on which I am about to enter. On which I am about to enter. So help me God. So help me God. First, I want to thank Wendy Graham for her splendid work here at OMB, especially in the regulatory area. And some people have marked the pace of change in the last seven years by listing things like moving the top tax rate from 70% to 28% or reaching agreement on eventually balancing the budget of the Soviets talking about getting out of Afghanistan. But for me, the steady but enormous change we've made in the deregulatory field over these past seven years has been particularly significant. And one that historians I will carefully note. Wendy has played a critical role in this, both at FTC and then OMB. And I want you to know Wendy, we're all grateful for the real difference that you've made. And I'm grateful too that you're taking on your new assignment. One that promises to be challenging to your philosophy and needs your competence. The second reason I wanted to be here today was I feel a special kinship to the Grahams. Now, I'm not just referring to the fact that I also made the journey from one political philosophy and party to another as did Bill Graham. And no, I'm not just referring to the fact that Phil's voting record in the Senate fits with my way of thinking right down the line. But Phil, I think you should know that like you, I met my future wife as part of my official duties. And isn't it ironic? Here we all are, believers in getting government out of people's lives, making government our lives in order to do that. But seriously, Phil and Wendy, the devotion both of you have shown to the cause of returning America to greatness is an inspiration to myself and to all of your friends who are here today. It's something for both of you to be proud of. Just as today, all of us are proud of you both. Been an honor and a privilege to have worked in your administration and caring for your agenda these past six years. I especially enjoy being here at OMB trying to reduce paperwork and regulations. I know that's been important to you. Not always an easy job, but it's been a tremendous lot of fun. And I will miss, as I move across the way a little bit, I'll miss working with your staff here along with the folks at OMB. They're really great and they've been a lot of support. Let me also say that when I go to the CFDC, I realize it's a very important responsibility and I appreciate the trust you've placed in me. And I will continue to push forward our agenda and that is just making sure that markets work and that they work well. Thanks a lot. Well, nice to see you and to have you in today. Thank you very much indeed. I just so appreciate it. And I can only say that it's not just me, but my organization and the folks by home. Appreciate your kindness. Come in. Let's just send the baker. Hello, how nice to meet you. Pleasure. Appreciate the opportunity to meet you. Nice to meet with you. Well, why don't you come in and chair there? So this is the famous Oval Office? This is the Oval Office. Why, that's just amazing on the rocks. I can't tell you. Well, I understand it's sort of a pattern, in a sense, the oval nature of it. Yes. After what is a large living room of this shape up in the White House, in the residence. And the whole thing came about because of one of our presidents, Theodore Roosevelt. In those days, this whole wing did not exist. That was not only a residence, but all the executive offices and everything were there until one day Mrs. Roosevelt said to the president, I'm going to raise six children in the house. You're going to get your people out of here. Oh, mom. And so the West Wing was created. How terrific. Well, it just seems most amazing, but it's something to see with you here today because it's almost exactly. Come on, guys. Thank you. Thank you. Thank you. How are you? I'm good. Yeah. Yeah, dad. There. Congratulations. Be well proud of them. Thank you. I'll see you. Thank you. I'm going to go here for now. Good morning, Ms. Brab. I'm on. Right, Dave, it was not good. Personel. I don't, as many of you know, I've asked Will Ball to serve as our new Secretary of the Nation. So, for years, I've been very thankful for a job well done. But now, to business, I understand the House leadership has put the final touches on their aid package for the Nicaraguan Democratic Resistance. I smelled it first thing this morning. I'm concerned at times running out in our efforts to continue to support the peace process by providing aid to the Nicaraguan Democratic Resistance. Robert, I'd like to have your thoughts on what you think will happen next in the House. Well, I went to see Jim last night with Tom Foley, and while I thought I'd get the specifics of the plan last night, it was just in broad general lines. We'll have a general debate tomorrow in one hour on the subject. If we want to have one. Apparently, in broad general lines, what they've got in line is 16 million for four months until June 30th. That's supposedly the current rate of appropriation. And then they would have a definition, only food, clothing, shelter, medical services, medical supplies, and payment and transportation for such items. With respect. White House equipment is not for the New York Times. No, we get a taste of New York. We get a taste of New York Times. We're in Hansford Station, of course. I must be interrupting something. I started by saying thanks to all of you for coming today. This is certainly a much friendlier group than I faced at the press conference last night. I know you've already heard from Colin Powell on the INF Treaty and from Jim Miller on the budget package, but I would like to make a few remarks on both of them if I might. First, in the INF Treaty, I'd like to repeat how important I believe this treaty is. It really represents a turning point in our history to actually reduce and not just simply limit the build-up of nuclear weapons. To do that with the most stringent verification procedures in the history of arms control. Procedures that I believe will help pave the way to continued reduction in nuclear arms. It's the historic treaty, and I do hope I can count on your support to see that it's accepted by the Senate. Secondly, the budget, I'm sure that Jim has given you the details, but I'd like to make one thing clear. As you know, I did agree with congressional leaders on a bipartisan budget agreement last November. It isn't a perfect agreement, but it is, I think, a good first step. A two-year agreement will reduce the deficit by a total of $76 billion. Last week, I sent our fiscal year 1889 budget. I'm not that old. It couldn't have been the 1889 budget. Change billions to millions. Change billions to millions. It meets the Graham-Rudman Hollings deficit targets, and it also complies with the budget agreement that we've arrived at. So on the surface, it appears that all is well with the budget, but Congress must now keep their part of the bargain. And that means we're going to have to see some discipline. And frankly, that will not happen unless you and the American people keep up the pressure. And this is one of the reasons why I'll be sending to Congress a list of those items in that thousand-page continuing resolution that I would have vetoed if I had had the line item veto. I call this list pork in sunshine. The continuing resolution, which did meet the overall agreement, provided unnecessary and wasteful funds for such things as 300,000 extra tons of coal for the Department of Defense that they don't need. They already have a four-year supply and it'll take 45 acres just to store the purchase and cost the Defense Department $26 million. A requirement for the federal government purchased $10 million worth of surplus sunflower oil, $3.5 million of research money for the tailored clothing industry. We simply can't afford to continue to fund such special interest projects. My budget meets the budget agreement and funds national priorities, and there's no need or room for additional spending. And it's more than just appropriations. Congress is currently considering new and expanded entitlement programs such as welfare reform and long-term health care. Well, I'm interested in those things myself, but the way they want to do it would add billions of dollars to the deficit. We want some reforms that go the other way. Under the budget agreement, we'll balance the budget by 1994, but only if Congress shows some discipline, avoids unnecessary pork and program expansions, and fixes the budget process. They're now promising to deliver all 13 appropriation bills on a timely basis, instead of wrapping them all into one and dropping them on my desk at the last minute. And that's great if they really do it. But we also need some fundamental process changes. A balanced budget amendment and a line item veto would be a good place to start, but there are other options as well. I hope you agree on the critical need to fix the budget process, and we can count on your support to make some changes there. But let me stop right now and ask for your thoughts on how we can keep Congress focused on the deficit and the budget process. In meeting with the governors the other day when they were here, I said something to them which 50 heads nodded in agreement. There isn't a state in the union that would put up with the Mickey Mouse budget process that we have here at the federal level. We're so very vital. Well, the floor is open. Mr. President, I reported that in my journal. It was in relation to the budget deficit problem, and the fact that the rest of the world is looking for us to take these matters seriously. I don't know about Congress, but I know that you're staff, and I'm not prone to giving a lot of praise away, but Senator Baker, Dan Criffin, and some other people at that time did an extraordinary job of keeping it...