WASHINGTON -- President and Mrs. Clinton were given crucial advance warning that regulators were running out of time to sue them in connection with the failure of Madison Guaranty Savings and Loan, a Republican lawmaker charged.

As the Senate Banking Committee kicked off its inquiry into the Madison/Whitewater affair, Sen. Alfonse M. D'Amato, R-N.Y., said the information put the Clintons in a better bargaining position with the Resolution Trust Corp.

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