Larry Summers: Bullish About Practically Everything

The U.S. Treasury Secretary on China, Japan, the budget...

This has been a busy time for Treasury Secretary Lawrence H. Summers and the Clinton Administration. On Nov. 15, the Administration inked an agreement to bring China into the World Trade Organization -- long a goal of Summers and his President. And on Nov. 17, they sealed a deal on the overdue federal budget with the Republican-led Congress. In between calls to lawmakers trying to wrap up the budget, Summers spoke to Business Week Economics Correspondent Rich Miller about the latest developments, including rising interest rates. Here's an extended, online-only version of the interview that appears in the Nov. 29 issue of Business Week:

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