House Majority Leader Dick Armey (R-Tex.) privately concedes that Administration scare talk about an Asian financial meltdown has secured House passage this spring of a bill giving $18 billion to the International Monetary Fund. A furious Armey, who opposes the measure, grouses that Treasury Secretary Robert E. Rubin raised unwarranted fears that North Korea might invade a weak South Korea. "Rubin's credibility is shot," says an Armey confidant.
Before it's here, it's on the Bloomberg Terminal. LEARN MORE