There's a political scandal in the United States that occurred during the second term of the Reagan administration typically referenced with a well-known two-word phrase. However, in the other country who was party to the event, it is known as the McFarlane affair. What is this event?

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1. There's a political scandal in the United States that occurred during the second term of the Reagan administration typically referenced with a well-known two-word phrase. However, in the other country who was party to the event, it is known as the McFarlane affair. What is this event?