THE ADMINISTRATION: The Sharperning Battle over Bert Lance

The Sharpening Battle Over Bert Lance

In Georgia he was Jimmy Carter's friend, sharing his triumphs, helping him borrow money for his peanut warehouse. As a New South go-go banker, he made himself a millionaire, and he was one of the first men whom Carter appointed to a Cabinet-level position. Now the director of the Office of Management and Budget—who cruised around Washington during Inaugural week in a black Cadillac bearing special license plates with BERT on the front bumper and LANCE on the back—might be the first man to go. Last...