Borgartún was the house of the French consul in Iceland. It was the place of the Iceland Summit when Ronald Reagan and Mikhail Gorbachev met there in 1986. It is now mainly used for ceremonies for the Reykjavík City municipality. The western end of Borgartún houses a complex of buildings where the offices of many departments of the Reykjavík city government, including a centralised service centre, are housed. The service centre is home to the Icelandic national registry, Þjóðskrá Íslands. Borgartún Borgartún is a street in Reykjavík, Iceland, that in years leading up to the country's economic crisis became the centre
Presidency of Ronald Reagan programs and priorities that had dominated the national agenda since the 1930s. Domestically, the Reagan administration enacted a major tax cut, sought to cut non-military spending, and eliminated federal regulations. The administration's economic policies, known as "Reaganomics", were inspired by supply-side economics. The combination of tax cuts and an increase in defense spending led to budget deficits, and the federal debt increased significantly during Reagan's tenure. Reagan signed the Tax Reform Act of 1986 (which simplified the tax code by reducing rates and removing several tax breaks) and the Immigration Reform and Control Act of 1986 (which enacted sweeping changes