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Lawrence H. Summers

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    Secretary of Treasury Confirmation Hearing

    Undersecretary Summers testified about his nomination to replace Secretary Rubin as Secretary of the Treasury. During the hearings he focused on his career and his service at the Department…

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    Treasury Secretary Resignation

    Secretary Rubin announced his resignation, saying that he was privileged to serve during a period of remarkable economic growth. President Clinton praised him for his achievements and…

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    Social Security Symposium

    In the first panel, Mr. Apfel talked about the necessity of Social Security for the support of the elderly, disabled and others, but he explained that Social Security alone is not enough for…

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    Social Security Reform

    Witnesses testified about plans to use budget surpluses to save Social Security and Medicare as the baby boom generation approaches retirement age. Mr. Summers presented the president’s…

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    Outlook for the World Economy

    Panelists discussed the Asian economic crisis and how it affected the global economy. They said that a new international financial architecture should be created to regulate the markets to…

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    Treasury and Economic Issues

    Mr. Summers discussed news stories and global economic issues. He talked about the state of the Treasury Department and its budget. He responded to audience telephone calls, faxes, and…

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    Trade and Economic Agenda

    Secretary Rubin testified that open trade and open markets at home and abroad are beneficial to the economy of the United States. Secretary Daley testified to the importance of the present plan…

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    APEC News Conference

    Deputy Secretary Summers and others talked with reporters about President Clinton’s trip to Korea and Japan. They focused on the economic growth of the countries and what the United States…

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    IMF Loan to Brazil

    Secretary Rubin commented on the IMF loan package to Brazil. He stated that a stable and growing economy in Brazil is important to the U.S. After his prepared statements he took questions…

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    U.S. and World Economy

    Secretary Rubin and others spoke on how to prepare the global financial structure to deal with market changes. They also discussed the coming together of the G-7 countries to focus on a…

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    Global Financial Situation

    Mr. Summers discussed the causes of the global economic crisis, how to keep the problems from deeply affecting the U.S. economy, and future financial systems. He said the political…

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    Featured Guest

    Mr. Sumners discussed headline news and the U.S. Treasury. He responded to audience telephone calls, faxes, and electronic mail.

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    Global Economic Issues

    The witnesses testified about the current economic collapse in Asia and how their problems affect the U.S. economy.

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    World Economic Situation

    Chairman Greenspan discussed a potential interest rate cut. He also testified that financial turmoil in Asia and Russia were starting to take a toll on the U.S. economy, particularly in the…

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    U.S.-Russia Summit Briefing

    Mr. Berger focused on President Clinton’s upcoming trips to Russia, Northern Ireland, and Ireland. He felt that the President’s trip to Russia would lend U.S. support during their financial…

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    Global Economic Change

    The panelists discussed the changing global economy with relation to state governments. They focused on the latest trends such as, emphasis on information and technology, and increased…

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    Retirement Savings

    The committee heard testimony from administration officials and policy analysts on how Social Security, pensions, personal savings, and earnings will meet the retirement needs of Americans…

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    Asian Financial Developments

    Subcommittee members heard testimony from Mr. Summers about the economic situation in Asia. He talked about his recent trip to Asia and his participation in the Tokyo meeting of finance deputies…

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    Trade and Investment in Africa

    Committee members heard testimony from members of the Clinton administration, commerce officials and business leaders talked about the economic advantages of trading with and investing in…

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    IMF Proposal Impact on Agriculture Industry

    Committee members heard testimony from Chairman Greenspan, Secretary Rubin and Secretary Glickman. They talked about the Clinton administration’s request for $18 million in aid for Asian…

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