Shock news of US Treasury Secretary Mr
Robert Rubin's resignation yesterday dogged the global markets.
Treasury Secretary
Robert Rubin said Wednesday that although Japan has taken steps to improve its economic situation, there is still more it must do for the sake of recovery in the region.
President Bill Clinton discussed Tuesday with key cabinet members, including Treasury Secretary
Robert Rubin, the worldwide stock price turmoil, a White House spokesman said.
In a recent letter to Treasury Secretary
Robert Rubin urging the Administration to rethink its position, a group of lawmakers on Capitol Hill articulated the value of paired-share REITS to shareholders:
They include members of President Clinton's cabinet - Secretary of Labor Robert Reich, Secretary of Health and Human Services Donna Shalala, and Treasury Secretary
Robert Rubin - none of them privatization-prone or even heretical Democrats.
Citigroup, Inc's chairman, Win Bischoff, and CEO, Vikram Pandit, along with director and senior counsellor,
Robert Rubin, are to forego their annual bonuses.
His predecessors, top Clinton Treasury chiefs
Robert Rubin and Larry Sumers, had demonstrated extraordinary skill at grabbing bureaucratic turf.
Clinton also appointed sophisticated economists, businesspeople, and seasoned Washington insiders to run his economic policy: Lloyd Bentsen,
Robert Rubin, Mice Rivlin, Man Blinder, Laura Tyson, and Leon Panetta, for example.
Treasury Secretary
Robert Rubin said Japan still faces major challenges to achieve sustained growth in its economy, notwithstanding recently released statistics showing the fastest economic expansion in more than three years.
In a speech echoing the Chancellor's words, US Treasury Secretary Mr
Robert Rubin said the world's major players had put together a "powerful programme of reform" to deal with the worst economic crisis in 50 years and help to prevent future currency woes.
In Washington on Thursday, Treasury Secretary
Robert Rubin denied a news report that he had called for Japan's central bank to underwrite new government bond issues.