Business: A Talk with the New Budget Boss

"1 think that the economy is going to be worse on January 20 than it is now," says Thomas Bertram Lance, the little-known Atlanta banker who is Jimmy Carter's choice to be director of the Office of Management and Budget. It is a sample of the candid views he will be offering as an economic policymaker—and his long and close relationship with Carter guarantees that the President-elect will listen. Last week Lance talked with TIME Correspondent John Berry about Administration strategy, Carter's relations with businessmen and his own job. Among his views:

ON THE STATE OF BUSINESS: The economy is not rebounding...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!