John D. Hawke, the new Treasury under secretary for domestic finance, used the occasion of his swearing-in last week to shed new light on recent Washington developments.

Turning to his boss, Treasury Secretary Robert E. Rubin, Mr. Hawke complimented him on the success of his most recent initiative: barring traffic from a stretch of Pennsylvania Avenue in front of the White House.

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.