Word: rubins
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...council will be chaired by the President and run from the White House by Robert Rubin, 54, now co-chairman of the Goldman, Sachs investment firm. In creating the group, Clinton will fulfill his campaign promise to place himself at the center of decisions on spending, taxes and trade, not reserve his full, hands-on attention for the foreign policy work of the National Security Council, the way Bush and many previous Presidents have done. Clinton's action also signaled his intention to restrict the power of Cabinet officers and to play them off against one another in the manner...
...deficit reduction on which Clinton campaigned. "Bill didn't want a brain trust," a transition official remarked. "He needed a sales force -- and that's what he's got." Indeed, Clinton, the Washington "outsider," might be said to have created the capital's most potent lobbying firm: Bentsen, Panetta, Rubin & Altman...
...Finance Committee. California Congressman Leon Panetta, 54, named as Clinton's Budget Director, commands high regard from his peers for his work as chairman of the House Budget Committee. Bentsen's deputy will be Roger Altman, 47, who served at Treasury under President Carter. Altman, an investment banker like Rubin, knows financiers from New York to Tokyo...
Bentsen, 71 and chairman of the Senate Finance Committee, was the capstone as Treasury Secretary. Accenting his desire to work with Congress, Clinton tapped Leon Panetta, who chairs the House Budget Committee, as OMB director. Wall Street was represented by Robert Rubin as the head of the new National Economic Council in the White House, and Roger Altman, a Clinton college classmate, as Bentsen's deputy. Alice Rivlin, former director of the Congressional Budget Office, will be Panetta's deputy. The solid choices signaled Clinton's concern with the deficit and need to reassure business...
...spot in the new Economic Security Council is likely to go to investment banker Robert Rubin or Harvard lecturer and transition-team adviser Robert Reich, who is also a candidate for head of the Council of Economic Advisers. Clinton wants to get the team in place before the economic retreat scheduled for Dec. 14-15 in Little Rock...