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Inaugural Address: oldest man to assure presidency.
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A diplomatic crisis between Iran and the United States where 66 U.S. diplomats were held hostage for 444 days from after a group of Islamist students took over the American embassy in support of the Iranian revolution.
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Reagan presents an economic program that includes $41.4 billion in budget cuts and a 30% tax cut over 3 years.
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Reagan introduces the Economic Tax Recovery Act.
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Mr. Reagan signs an executive order creating the Presidential Council on Integrity and Efficiency, which looks for corruption and ineffiencies in the federal government.
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An attempt to assassinate Reagan is made.
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Bush acts as president during Reagan's recovery.
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Astronauts Robert Crippent and Jon Young aboard the space shuttle, Columbia. It makes its maiden voyage, orbiting the earth 36 times.
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Reagan lifts the 15 month embargo on grain shipments to the USSR.
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Reagan appears before Congress for the 1st time since the assassination attempt, receiving a hero's welcome.
