Which act is Rubin credited with that aimed for a balanced budget?
Balanced Budget Act of 1997
Healthcare Reform Act
Patriot Act
Telecommunications Act
Answer
The Balanced Budget Act of 1997, authored by Senator Robert Rubin, aimed to eliminate the federal deficit by establishing a balanced budget requirement and implementing spending cuts and tax increases. This legislation sought to promote fiscal discipline and sound financial management within the U.S. government, contributing to a significant reduction in the national debt and a period of economic prosperity in the late 1990s.
Mastering Money and Politics: The Robert Rubin Story Challenge
More Questions
Rubin's tenet as U.S. Secretary of the Treasury is often associated with?
What other role did Rubin have in government aside from Treasury Secretary?
Before entering public service, Rubin was part of which bank's board?
What type of lawyer did Rubin work as?
Rubin had his government stint during which decade?
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