Word: bentsens
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Dates: during 1990-1999
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...Lloyd M. Bentsen, Clinton's first Treasury secretary who served 22 years in the Senate and six years in the House. He was the Democratic Party's vice presidential nominee...
...contrast to the rocky relationship he apparently had with the Bush administration, Greenspan reportedly has a close working relationship with members of the Clinton administration--including strong ties to and mutual admiration of former treasury secretary Lloyd Bentsen, outgoing treasury secretary Robert Rubin '60 and incoming treasury secretary Lawrence H. Summers, who is also the former Ropes professor of political economy at Harvard...
...remarks made Wednesday, Summers thanked his predecessors Lloyd Bentsen and Rubin...
...Secretary Bentsen set the Treasury on the right course, emphasizing deficit reduction, cooperation, for growth around the world," he said. He continued, "Secretary Rubin has seen the Treasury and the global economy as a whole through enormously challenging times with a steady hand...
...Michael Dukakis's old running mate had Rubin's job from 1992 to 1995 while Rubin headed President Clinton's newly created National Economic Council in the White House. The expansion, and the unstoppa-bull that went with it, started on Bentsen's watch. But in 1993, it was Goldman Sachs veteran Rubin (with an assist from Greenspan) who persuaded President Clinton that his dreams of a prosperous American middle class had to be kick-started by balancing the federal government's then blood-red budget books. A credible deficit reduction plan would please the bond market, the former arbitrageur...