THE ADMINISTRATION: Going to Bat for Beleaguered Bert

The financial and political troubles of former Georgia Banker Bert Lance reached the point last week where Jimmy Carter himself had to come to the rescue. The President recommended that the director of the White House's Office of Management and Budget be released from a promise that, if kept, could destroy Lance's already shaky financial position.

As first reported by TIME (May 23), in a story filed by Correspondents Rudolph Rauch and Philip Taubman, the state of Lance's finances has grown increasingly parlous. But in coming to the aid of a longtime...

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