Search the Archive

Clinton Cabinet / Rubin Resignation #186116

ABC Evening News for Wednesday, May 12, 1999
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio: Peter Jennings) Report introduced.

(White House: Sam Donaldson) The announcement of the resignation of Treasury Secretary Robert Rubin featured; details given of Rubin's role in the administration's economic policies. [President CLINTON - praises Rubin.] [RUBIN - comments.] [Merrill Lynch Bruce STEINBERG - says the economy is booming on its own.] The question of whether Federal Reserve Board chairman Alan Greenspan will re-up for another term noted.

(Studio: Peter Jennings) Interview held with Rubin. [RUBIN - talks about the weak global economy and the need to focus on world economic growth; judges that the economy will continue in a period of solid growth, but we cannot be complacent.]

(New York: Betsy Stark) Lawrence Summers, who will succeed Rubin as Treasury Secretary, profiled. [Brookings Institution Robert LITAN - cites Summers' qualifications.] His role in the 1994 bailout of the Mexico economy and his later work with the economies of Asia and Brazil outlined. [Council on Foreign Relations Walter Russell MEAD - speculates on the relationship between the stock market and Summers.]

Reporter(s):
Donaldson, Sam;
Jennings, Peter;
Stark, Betsy
Duration:
00:06:00

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.