Robert Rubin

Robert Edward Rubin (born August 29, 1938) is an American financier, businessman, and politican who served as the 70th United States Secretary of the Treasury during President Clinton's administration.

Clinton Administration

From January 20, 1993, to January 10, 1995, Rubin served in the White House as Assistant to the President for Economic Policy. In that capacity, he directed the activities of the National Economic Council, which was created by President Bill Clinton after his election in 1992.

Related Topics:
January 20 - 1993 - January 10 - 1995 - National Economic Council - Bill Clinton

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Rubin's term of service as Treasury Secretary was from January 10, 1995 to July 2, 1999, during which time his economic team developed an economic policy later coined as Rubinomics which was based on vigorous deficit reduction, free global markets, and investments in education, training and the environment. This program is credited with helping to spark and sustain the longest economic expansion in the nation's history to date, transforming the federal government's budgetary position from deficit to surplus, and producing one of the lowest national unemployment rates in decades. Much of Rubin's work during his tenure at Treasury was centered around preventing the collapse of the economies of developing nations, including Mexico and Argentina. He presided over the Asian financial crisis of the late 1990s, and worked with Larry Summers and Alan Greenspan to stabilize the finances of nations that were teetering on the brink of collapse. The three appeared on the cover of Time Magazine in the late 1990s under the title "The Committee to Save the World."

Related Topics:
January 10 - 1995 - July 2 - 1999 - Rubinomics - Deficit reduction - Unemployment rate - Mexico - Argentina - Larry Summers - Alan Greenspan - Time Magazine

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