THE QUESTION WAS TRICKY, AND BILL CLINTON REalized that he didn't have to answer it. Instead he gestured toward Texas Senator Lloyd Bentsen to respond for him, adding with a laugh, "The great thing about having a Cabinet . . ." The sentence was incomplete, but the thought was clear: having chosen a team, the President-elect was no longer alone.
Bentsen, 71 and chairman of the Senate Finance Committee, was the capstone as Treasury Secretary. Accenting his desire to work with Congress, Clinton tapped Leon Panetta, who chairs the House Budget Committee, as OMB director. Wall Street was represented by Robert...