BUSINESSWEEK ONLINE : MAY 24, 1999 ISSUE
NEWS: ANALYSIS & COMMENTARY

Mr. Rubin Went to Washington


DECEMBER, 1992
Rubin sells President-elect Clinton on a ''bond-market strategy''--to spur the economy by cutting the deficit and bringing down interest rates.

JAN. 20, 1993
Rubin becomes director of National Economic Council.

JAN. 10, 1995
Rubin named Treasury Secretary amid the Mexican peso crisis. Taps Treasury funds to bail out lenders--earning GOP enmity.

DECEMBER, 1995
Angry Republicans threaten to impeach Rubin for his actions to keep government afloat during shutdown over budget impasse.

JULY 1997
Devaluation of the Thai baht sets off Asian financial crisis.

JUNE 17, 1998
Rubin intervenes to prop up the yen and head off another round of Asian devaluations.

APRIL, 1999
Rubin helps persuade Clinton not to push for China's entry into the World Trade Organization.

MAY 12, 1999
Rubin announces his resignation, effective July 4.


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It's Summers Time

TABLE: Summers vs. Rubin on the Issues

TABLE: Who Is Larry Summers?

Commentary: Triumph of an Eat-Your-Spinach Secretary

TABLE: Mr. Rubin Went to Washington



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