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

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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