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November 09, 1982
Most of day spent in preparing for budget discussions. More than 3 hours. A long N.S.C. meeting also. Geo. Shultz has worked out the agreement with our allies re the Soviets—trade, credits etc. This is more effective than our pipe line sanctions so I’m going to lift those sanctions. The agreement is what we tried for before the sanctions—the sanctions have done their job. Lunched with V.P.—he & Barbara are off for Africa to visit a few states we need to handhold a bit.