`Dr. Elbows' Gets More Room At Treasury

Treasury's tough guy, Larry Summers, pumps up his power

Larry Summers was getting fidgety--never a good sign. The Deputy Treasury Secretary was 90 minutes into a Saturday-morning retreat with top Internal Revenue Service brass in March, 1996. And he was seeing firsthand that many of the charges against the agency were true--IRS officials were more focused on defending their turf than on digging the agency out of its mess. The flashpoint: Capitol Hill complaints that the IRS had wasted much of the $4 billion spent on updating its antiquated computer system.

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