Word: lloyds
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...scramble to do something dramatic, and do it quickly, led Clinton to try to bring a Republican into the Cabinet. A senior official approached former New Hampshire Senator Warren Rudman two weeks ago about replacing Lloyd Bentsen as Treasury Secretary. Rudman declined the tentative offer, however, and Clinton turned to Robert Rubin, the director of the National Economic Council, who had been Bentsen's presumptive heir for months. Rubin isn't expected to change course at Treasury, but his ability to broker compromises on bitter policy fights will be missed at the White House...
Despite support on some issues from Budget Director Alice Rivlin, the Reich faction seemed outgunned, at least for the moment, by an unlikely alliance of go-slow conservatives and go-slow liberals. Chief of staff Leon Panetta, departing Treasury Secretary Lloyd Bentsen and his designated replacement Robert Rubin, warned against rhetoric that might make the Administration appear "antibusiness." Panetta told TIME he gets "nervous" about heated rhetoric "on the left or the right...
President Clinton accepted the resignation of Treasury Secretary Lloyd Bentsen and nominated former Goldman Sachs investment banker Robert E. Rubin to succeed him. Rubin, who currently wields considerable influence as head of the White House National Economic Council, is expected to be confirmed by the Senate with little trouble...
...additional provisions, Republicans chided the president as a johnny-come-lately and said the "Contract With America" gave citizens more benefits. (Incoming House Majority leader Richard Armey of Texas even dubbed Clinton's package "Contract-lite.") The White House, anticipating the barbs, threw a briefing featuring Treasury Secretary Lloyd Bentsen and others who said the GOP plans would send 46 percent of new tax relief to families making more than $100,000 a year, compared to 13 percent under the Clinton plan. But on another GOP idea they've criticized as a giveaway to the wealthy -- a capital gains...
Confirming rampant rumors that he was headed to Houston, Treasury Secretary Lloyd Bentsen resigned today. Named to replace him was longtime Wall Streeter and Clinton economic advisor Robert Rubin. Bentsen said he wanted to return to Texas to spend more time with his children and grandchildren and "return to the private sector . . . while I still had a spring in my step." Bentsen -- who leaves in two weeks -- served in the Senate for 22 years and ran as vice president in 1988 on the ticket headed by Michael Dukakis.His replacement, currently head of Clinton's National Economic Council, spent nearly three...