In years past, when the rest of the world talked about the U.S. economy, the focus was usually on Federal Reserve Chairman Alan Greenspan. This year, thanks largely to Greenspan's prudence, the conversation is almost certain to change. As the U.S. rate of inflation idles under 3%, the debate in Washington is shifting back to the fiscal side of the ledger. Enter Treasury Secretary Robert Rubin, first among equals on President Clinton's economic team and one of the few faces in the Administration that Wall Street considers one of its own.
Rubin's priority is seeking a balanced federal budget by 2002....
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