WASHINGTON - John White, a leading candidate to run Bill Clinton's Office of Management and Budget, said Friday that he supports creating a capital budget system for the U.S. government that favors spending on infrastructure.

"A capital budget focuses people's minds on what is real capital investment" in the economy, he said after speaking before the American Association for Budget and Program Analysis here.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.