Commentary: Impeach Bob Rubin? For What? Smarts?

In mid-February, the Treasury Dept. will again bump up against the $4.9 trillion national debt ceiling. With budget-balancing talks in limbo, Capitol Hill Republicans are eager for a new chance to squeeze President Clinton by denying him the power to borrow money to run the government. GOP leaders vow that they won't raise the limit until Clinton accepts a plan to balance the budget by 2002. They hope that Clinton will cave in to them rather than allow the U.S. to default on $245 billion in interest payments on Treasury securities.

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