January 3-9
→ Reagan announced his New Year's plans which would include the budget, travelling to Moscow and Mexico, pushing through the appointment of Anthony Kennedy, and pushing through the Canadian-American trade agreement (Jan 3)
→ Reagan began his push for a $1.1 trillion budget that would cut defense spending and increase AIDS research funding (Jan 5)
→ Reagan signed a bill that continued the Farm Credit System, despite the system's billions of dollars in losses and his fear of a Government supported agricultural system (Jan 6)
→ It was reported that Senator Kennedy and Senator Hollings slipped an FCC measure to cut down Rupert Murdoch's holdings in Boston and New York in an appropriations bill. Murdoch had to get rid of a Boston media source and a New York media source by March. (Jan 6)