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Banking

April 22, 1993|From Times Staff and Wire Reports

Administration Trims Funding Request: The Clinton Administration trimmed $3 billion from its budget request to Congress to finish the cleanup of failed savings and loans. Treasury Secretary Lloyd Bentsen told Congress that $42 billion is needed, down from $45 billion. The Administration changed its estimate because improved real estate markets mean the federal government will probably be able to recover more money than originally expected by selling real estate and mortgages from failed thrifts.

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