A senior Clinton administration official said Friday that the President's proposed U.S.A. Accounts must be structured so that poor people could maintain very low balances.

"In some form or another there would need to be a vehicle to ensure smaller accounts could be done," said Gene Sperling, the President's national economic adviser. Administrative costs would have to be kept down, and the program's impact on private retirement plans would have to be limited, he said.

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