WORLD TODAY

WORLD TODAY

US, Soviets to Meet

To Discuss Grain PactThe United States and the Soviet Union will meet March 11 in Vienna to begin negotiating a new long-term grain agreement to succeed the one that expires Sept. 30, Secretary of Agriculture Richard Lyng and U.S. Trade Representative Clayton Yeutter announced Thursday.

No formal agenda has yet been set for the one-day meeting, which will basically be a get-acquainted session, the sources said. The talks are expected to continue over the next several months.

The U.S. delegation will be led by Deputy U.S. Trade Representative Alan Holmer.

US Ready to Intensify

Pressure on Panama

The United States is ready to step up a campaign of economic warfare against Panama by denying its military government access to millions of

dollars in canal fees and U.S. bank accounts.

Secretary of State George Shultz, attending the NATO summit in Brussels, Belgium, said the government wanted to halt money going to the Central American country. Meanwhile, President Reagan indicated that he believes Panamanian strongman Gen. Manuel Noriega must go.

In another development, four key congressmen urged the administration to withhold a scheduled payment of $6.5 million to Panama. Shipping at the canal was described as normal. Stories, Page 3A and 1B.

Greenspan Opposes

Capital Gains Change

WASHINGTON - The economy would be better off with a lower capital gains tax rate, but Federal Reserve Chairman Alan Greenspan said he would not favor changing it.

Mr. Greenspan told the House Budget Committee that he opposes unwinding the overall 1986 agreement on tax reform that included raising capital gains taxes.

He also said a value-added tax would increase the low U.S. savings rate, and favored a constitutional change to require more than simple majority votes in Congress for new federal spending programs.