Treasury Secretary Robert Rubin last week urged House leaders to block a vote on a thrift fund rescue/regulatory relief bill sponsored by Banking Committee Chairman Jim Leach.

But Majority Leader Richard Armey insisted the bill will stay on track for a floor vote this week. Sources said Rep. Armey is backing Rep. Leach because House leaders feel obligated to give the Iowa Republican one last chance to pass major legislation.

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.