U.S. President George Bush talks to reporters on assistance to Nicaragua and Panama, defense budget, and other domestic and international issues

At a press conference, answers questions about China, taxes, aid to Nicaragua, Rep. Gephardt, aid to Panama, interest rates and Alan Greenspans tenure at the "Fed", the Rostenkowski budget proposal, his own rating in the public opinion polls, alleged telephone call to Irans Rafsanjani, Gorbachevs new extended powers, Japan, the professional baseball strike, the Texas gubernatorial primaries, marijhuana use, disarmament talks, disagreements between the intelligence and defense officers on Russian "sincerity."