The most common and most likely answer to this crossword clue is the 3 plus 4 letter word NEW DEAL
I've seen this crossword clue in The Guardian
N
E
W
D
E
A
L
More clues leading to the result NEW DEAL
- Roosevelt offered this fresh round of cards
- UK employment scheme in which some get their cards?
- Modern Kent town’s economic policy
- Roosevelt's baby, swimmer without trunks, reportedly?
- What timber merchants offer for revised trading terms
- Naked, slippery creature said to be Roosevelt’s baby
- Recently created town based on old president’s initiative
- Roosevelt’s initiatives exposed something slippery, by the sound of it
- Exposed slippery individual caught in fresh contract
- Fresh arrangement that begins when contract’s made
Buddy explains!
The straight part
We know that "old president’s initiative" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case old president’s initiative = new deal.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.