But instead of distancing himself and firing those

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But instead of distancing himself and firing those responsible, he chose to cover up their connection to the break-ins. He had the CIA stop the FBI’s investigation, citing reasons of national security. However, reporters Carl Bernstein and Bob Woodward would not give up on the story. Aided by an anonymous, highly placed government official code-named “Deep Throat,” they began to follow a trail that led straight to the White House. Watergate Tapes and Nixon Culpability—On July 13, 1973, a White House aide told the Senate Committee that Nixon regularly recorded his conversations in the Oval Office. These tapes were believed to be able to
prove Nixon’s direct involvement with the Watergate Scandal—but Nixon refused to turn the tapes over to Congress. Under court order, Nixon began to release edited portions of the Oval Office tapes to Congress. In July 1974, the Supreme Court ruled that Nixon had to release all the tapes. Despite “mysterious” erasures on two key tapes, the House Judiciary Committee found evidence to impeach Nixon on three grounds: obstruction of justice, abuse of power, and contempt of Congress. On August 9, 1974, facing certain impeachment and conviction, Nixon became the first president of the U.S. to resign his office.Camp David Accords/Middle East Peace Process—Considered the crowning accomplishment of Carter’s presidency. It was the first mediated peace treaty between Israel and an Arab nation. At a meeting in Camp David, Maryland in September 1978 with Egyptian and Israeli leaders, President Carter persuaded them to agree to a peace treaty, gained Israel’s promise to withdraw from the Sinai Peninsula, and forged a provisional agreement that provided for a continued negotiations on the future status of the Palestinian people living in Jordan’s West Bank and Egypt’s Gaza Strip. On March 26, 1979, Israeli Prime Minister Menachem Begin and Egyptian President Anwar al-Sadat signed the formal treaty on the White House lawn.Reaganomics— Instead of focusing on the complexities of global competition, deindustrialization, and OPEC’s control of oil, Reagan argued that U.S. economic problems were caused by government intrusion of the “free-market” economic system. Reaganomics sought to “unshackle” the free-enterprise system from government regulation and control, to slash spendingon social programs, to limit government’s use of taxes to redistribute income among the American people, and to balance the budget by reducing the role of the federal government. Reagan’s economic policy was based largely on supply-side economics, the theory that tax cuts (rather than government spending) will create economic growth. Deficit Spending Under Reagan— Reagan's tax policies were accused of pushing both the international transactions current account and the federal budget into deficit and led to a significant increase in public debt. Debt more than tripled from 900 billion dollars to 2.8 trillion dollars during Reagan's tenure. Advocates of the Laffer curve contend that the tax cuts did lead to a

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