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...adults, however, dutifully fell on their sword. On Wednesday, Deputy Treasury Secretary Roger Altman submitted his resignation amid accusations that he misled lawmakers during Senate testimony; the next day Treasury general counsel Jean Hanson resigned...

Author: /time Magazine | Title: Feeding the Beast | 8/29/1994 | See Source »

...Altman had been accused of lying to the Senate in February about the breadth of White House-Treasury contacts over Whitewater. During House and Senate hearings, Altman strove mightily to salvage his credibility. He failed. Although it had been reported that Altman decided to resign on Aug. 10, sources close to him say he knew as soon as his Senate testimony was over that his departure was likely...

Author: /time Magazine | Title: Feeding the Beast | 8/29/1994 | See Source »

Hanson too was aware that her days were numbered. Her version of events surrounding the White House-Treasury contacts contradicted those of Altman and Treasury Secretary Lloyd Bentsen. Bentsen was reportedly furious with...

Author: /time Magazine | Title: Feeding the Beast | 8/29/1994 | See Source »

...Altman and Hanson will probably not be the last Whitewater sacrifices. Warns an Administration source: "The people who have fed the beast should not assume the beast is happy." Last week the New York Times reported that before being replaced, independent counsel Robert Fiske had widened his inquiries to include the finances of Clinton's 1990 gubernatorial campaign...

Author: /time Magazine | Title: Feeding the Beast | 8/29/1994 | See Source »

Embattled Treasury Secretary Roger Altman buckled under pressure and resigned today. Treasury Counsel Jean Hanson is predicted to go next. Altman had come under fire from both Democrats and Republicans for what they called his misleading testimony to Congress on the Whitewater affair. The resignation was no surprise, and it's a sign of bad things to come. After all, the scariest skeletons for the Clinton Administration are expected to be found in the Arkansas part of the Whitewater investigation, which Congress has yet to tackle. Sources tell TIME Washington Correspondent Suneel Ratan that Josh Steiner, Treasury Secretary Lloyd Bentsen...

Author: /time Magazine | Title: WHITEWATER . . . THE FIRST TWO CASUALTIES | 8/17/1994 | See Source »

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