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List of Secretaries

Robert E. Rubin
(1995 - 1999)

When President William Jefferson Clinton swore in Robert E. Rubin (b. 1938) as the 70th Secretary of the Treasury, he was already one of the most knowledgeable and best prepared leaders of finance to assume the office. Before entering public service, Mr. Rubin worked for twenty-six years at Goldman Sachs & Co., one of Wall Street’s venerable investment firms, where he rose to the position of Co-Chairman. He was originally appointed by President Clinton to be Assistant to the President for Economic Policy and to serve as the nation’s first director of the National Economic Council (1993-1995), which coordinated Administration economic policy throughout the Clinton administration. With his vast experience in financial markets and collegial temperament, he helped President Clinton, and his economic team developed an economic policy based on vigorous deficit reduction, global open markets, and investments in education, training and the environment. This program helped to spark and sustain the longest economic expansion in the nation’s history to date, transforming the nation’s budgetary position from deficit to surplus, and produce the lowest national rates of unemployment in decades.