March 5, 1993
Roger Altman, deputy secretary of the Treasury, states that for elderly families in the $60,000 income class, they'll have a higher portion of Social Security income subject to taxation "and that's $5 or $6 a month" (interview, Opinion, Feb. 21). I wonder where Altman learned his math? Reasonable assumptions regarding this hypothetical elderly family are Social Security income of at least $800 per month and a marginal federal income tax bracket of 28%.
August 19, 1994 |
Jean Hanson, the Treasury Department's general counsel, became the second senior Treasury official in two days to resign in the wake of Congress' recent Whitewater hearings. Hanson, 45, had antagonized other senior officials in the Treasury Department as a result of her testimony during the hearings, in which she sharply contradicted Deputy Treasury Secretary Roger Altman's account of contacts between White House and Treasury officials.
November 10, 1995 |
Confronted unexpectedly with a letter from the government's chief ethics officer, former presidential lawyer Lloyd N. Cutler conceded Thursday that "I may have transgressed" when testifying that a Whitewater probe cleared the White House of improprieties. Under questioning by Republicans on the Senate Whitewater Committee, Cutler said his 1994 testimony on Capitol Hill was imprecise, but not intentionally misleading.
December 27, 1994 |
A draft of the Senate report on the first Whitewater hearings details numerous conflicts in Clinton Administration officials' testimony this summer. It also points out that the Resolution Trust Corp., the savings and loan cleanup agency, did not follow its own written policy in handling a criminal investigation.
August 7, 1994 |
Newly selected Whitewater independent counsel Kenneth W. Starr promised a "fair and objective and evenhanded" probe Saturday and said he wanted to get to work quickly. "I don't want to comment at all, projecting what might lay ahead," Starr, attending the American Bar Assn. convention here, told reporters. "It's important for me to go into this with an entirely open mind, trying to be very fair and very objective."
April 15, 2004 |
Blackstone Group and Evercore Partners said Wednesday that they hoped to raise a combined $1.3 billion via initial public stock offerings, bringing to three the number of private equity firms that this week said they planned to tap individual investors for new capital. Blackstone Group, which manages the world's biggest corporate buyout fund, filed to raise $850 million for a fund that would invest in debt securities, according to a regulatory filing with the Securities and Exchange Commission.
April 18, 1995 |
Hoping to avert an embarrassing bankruptcy for the District of Columbia, President Clinton signed a bill to set up an oversight board with broad powers over Mayor Marion Barry and the City Council. The law also allows the district to borrow hundreds of millions of dollars from the federal Treasury to help pay its bills, and it requires a balanced city budget in three years. The board's powers include the authority to lay off thousands of city workers.
September 23, 2008 |
American International Group Inc. investors trying to derail a U.S. takeover of the insurer might demand a shareholder vote on the $85-billion deal, a person familiar with the situation said. The investors decided at a New York meeting Monday to ask AIG for data so they could raise money and keep the federal government from taking a 79.9% stake, said the person, who declined to be identified because talks were private.