Ronald Reagan
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President Ronald Reagan and House Speaker Tip O'Neill. (credit: Reagan Library)

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** FILE ** “We must act today in order to preserve tomorrow,” President Reagan said during his first inaugural address, Jan. 20, 1981. (Associated Press)

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Ronald and Nancy Reagan helped design their 4,764-square-foot, four-bedroom, four-bath ranch house in the tony Pacific Palisades neighborhood in west Los Angeles. The house is for sale for $4,999,000. (Photo courtesy of Coldwell Banker)

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**FILE** Britain's Prime Minister Margaret Thatcher smiles with satisfaction as President Ronald Reagan makes a farewell speech June 9, 1982, outside her Downing Street office in London prior to his departure for Bonn. (Associated Press)

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President Ronald Reagan and Vice President George Bush discuss the formation of the President's Task Force on Regulatory Relief, which will be headed by Bush, over lunch in the Oval Office at the White House in Washington on Thursday, Jan. 22, 1981. (AP Photo)

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** FILE ** Republican candidate for President Ronald Reagan, left, and his running mate George H.W. Bush answer questions during a press conference Friday, July 26, 1980. (AP Photo/Wally Fong)