WASHINGTON - The revised U.S. rescue package for Mexico demonstrates both the limits and strengths of presidential power in today's high-risk world of global finance.

President Clinton had to abandon his original proposal for $40 billion of loan guarantees for Mexico after it became clear congressional leaders could not deliver the votes, at least not without a lengthy debate and a host of conditions. One public opinion poll said 70% of those contacted objected to the loan guarantees.

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