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July 28, 1987
A little talk about a successor to Mac Baldrige. We’ll get down to it after the memorial service & funeral. Some discussion about Sen. Doles statement that I could appoint Bork to Sup. Ct. during Aug. recess. Trouble is the new Cong. in ’89 could cancel that & there might just be enough animus to bring that about. Then it was Debt limit time—Fri. is last day we have before declaring default.
N.S.C.—Discussion of Kohl possibly volunteering to give up Pershing missiles. We cant ask him to but Frank C. is going to see him & feel him out on the effect his doing this might have on his own standing. It looks like at last a Shultz, Shevardnadze meeting will take place in Sept.—this could mean a summit in Nov. The Bridgeton starts loading 260,000 tons of oil tomorrow.
Panama still in civil strife. Noriega arrested former defense Minister. Military may be ready to turn on Noriega.
Mid session review of O.M.B. indicates we’ll have to increase target (Graham, Rudman, Hollings) for 1988. We cant make the $108 Bil. figure.
At 11:15 A.M. over to Wash. Hilton hotel to address Fed. Conf. on Commercial Applications of Superconductivity. Back to W.H. for late lunch then an N.S.P.G. meeting on our problems with the embassy’s old & new—in Moscow. Then a haircut & over to Dr. for sneeze shot. Back to the office & a taping session.
Tonite dinner at St. Dept. for Paul Volcker—departing Chmn. of Fed. Reserve Board. It was a nice affair—virtually all of the past Sec.’s of Treasury plus bankers like David Rockefeller etc. Between courses various individuals spoke & I followed dessert with a toast to Paul. It was an enjoyable evening.