Word: bentsens
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Even so, some top officials could be made to squirm, beginning with Secretary of the Treasury Lloyd Bentsen. Jean Hanson, general counsel of the Treasury, has reportedly told investigators that she briefed Bentsen about 1993 meetings between lower Treasury officials and White House aides concerning a Whitewater-related investigation before press reports of the meetings surfaced. In March, Bentsen said he knew nothing about any such contacts before they came to light. Bentsen is expected to testify that he does not recollect any such briefing...
Still, one document leaked as the hearings were about to begin begged new questions about what Bentsen and other Treasury officials knew and when they knew it. In a memo from Hanson dated Sept. 30 that is in the hands of congressional probers,she writes of press inquiries about the investigation and continues, "I have spoken with the Secretary ((Bentsen)) and also Bernie Nussbaum," who was then White House counsel. The investigation, into the failure of Madison Guaranty Savings & Loan, which was owned by Clinton friend and Whitewater partner James McDougal, was conducted by the Resolution Trust Corporation, a federal...
...dive in the dollar had once been expected to dominate this week's summit meeting of the seven major industrial powers in Naples. But now Secretary of the Treasury Lloyd Bentsen insists there will be no "detailed discussion" -- and perhaps wisely. What, after all, could Bill Clinton say? That he is not to blame for the battering of the buck, sees little he can do about it, and is not sure he should even try? A plausible argument could be made for all those propositions, but it would not calm the currency markets...
Senior Administration sources are speculating that WARREN CHRISTOPHER, who has come under fire as Secretary of State, will be renamed a senior adviser to the President by the end of the year, and Lloyd Bentsen will take over at State. Then, goes this scenario, White House chief of staff Mack McLarty will assume Bentsen's Treasury Secretary post, and deputy chief of staff Harold Ickes will fill McLarty's job. Christopher is said to be so insecure that his staff is keeping a distance between Bentsen...
Federal Reserve Chairman Alan Greenspan called the U.S. economic outlook "as bright as it has been in decades," but sent the signals investors hate most: the Fed might again take steps to prevent inflation by boosting interest rates. Treasury Secretary Lloyd Bentsen, trying to stand tall a day after the dollar sank to a post-World War II low against the Japanese yen, vowed action if needed to bolster the greenback. Economists said the two men are in a bind: allow the dollar to fall further, and potentially provoking inflation, or raise interest rates and dampen U.S. economic growth...