Jan. 31, 1995: After Congress rejected a $50 billion bailout of Mexico, President Clinton, used his executive power to OK a $20 billion loan to that country. Mexico's economy was crumbling and its currency, the peso, plunged in value. Clinton, fearing unrest south of the border, said U.S security was at stake and authorized the bailout.
Quote of the Day
"If you live long enough, you'll make mistakes. But if you learn from them, you'll be a better person. It's how you handle adversity, not how it affects you. The main thing is never quit, never quit, never quit." — Bill Clinton
More from West Wing Reports...
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- The 11 worst fast food restaurants in America
- 7 things the world's happiest people do every day
- 7 grammar rules you really should pay attention to
- The rise of the global middle class is our best hope to stop climate change
- Why are so many parents being arrested?
- 9 things you probably didn't know about the moon
- What I learned from totally unplugging and shutting up for three days
- Israel has only two choices: Eliminate the Palestinians or make peace
- The biggest lesson Obama failed to learn from Bush
- Immigration, charity, and conservatives' unholy assault on Glenn Beck
Subscribe to the Week