WASHINGTON - Banking industry officials are welcoming President Clinton's renewed push for government-subsidized savings accounts, but political observers are divided on whether a proposal that failed last year has any better chance of enactment in 2000.

White House Chief of Staff John D. Podesta said over the weekend that the President plans to make universal savings accounts one of the cornerstones of a 10-year, $300 billion-plus tax relief plan to be unveiled in his Jan. 27 State of the Union speech.

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