Lance: Going, Going...

Bert's fate seems sealed, but how badly has his boss been hurt?

After four months of bit-by-bit exposure and mounting pressure, the Lance affair last week spun out of anyone's control. Instead of winding down, investigations were being stepped up into the capriciously loose banking habits of Bert Lance, the amiable Georgian who directs the Office of Management and Budget. Each day brought torrents of new allegations, rumors of wrongdoing, hints of still more probes. Inevitably, reports surfaced that Jimmy Carter has reluctantly concluded that...

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!