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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 »

Treasury officials resign, casualties of congressional testimony...

Author: /time Magazine | Title: Magazine Contents Page | 8/29/1994 | See Source »

...chief exec of the nation's largest civil rights organization, the National Association for the Advancement of Colored People, is hearing calls for his resignation -- from once-staunch supporters. The Chicago Southside chapter is demanding that Chavis resign because he settled a sexual harassment lawsuit with NAACP money. The Southside branch, with 20,000 members, is one of the largest in the country. TIME Senior Correspondent Jack White says that this latest news adds to the pressure on the NAACP's 64-member board to fire Chavis at its meeting this Saturday. But, White adds, "getting rid of Chavis would...

Author: /time Magazine | Title: SOUTHSIDE CHICAGO NAACP WANTS CHAVIS OUT | 8/18/1994 | See Source »

Though special prosecutor Robert Fiske has cleared Altman of any criminal wrongdoing, congressional confidence in the former Wall Street investment banker is eroding so fast that he may be forced to resign within days. Four Democrats on the Senate Banking Committee believe privately that Altman has been seriously damaged. Senators Richard Bryan of Nevada and Barbara Boxer of California worry that Altman may have misled them. Nearly all the Senators will question him closely when he appears before the committee on Tuesday...

Author: /time Magazine | Title: Roger, Over and Out? | 8/8/1994 | See Source »

...Republican lawyer. Fiske was appointed by Attorney General Janet Reno, a Clinton appointee. Today's development could mean that the entire Whitewater investigation into possible improprieties by the Clinton Administration will have to start from square one. Meanwhile, Congressional hearings wound down with Republicans continuing to call for the resignation of Deputy Treasury Secretary Roger Altman. Today's highlight was a sharp exchange in which White House counsel Lloyd Cutler lashed out at Republican members of the Senate Banking Committee for their partisanship. "You come from a party which while it held the White House was responsible for Watergate...

Author: /time Magazine | Title: WHITEWATER ALL OVER AGAIN? | 8/5/1994 | See Source »

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