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
- 43 TV shows to watch in 2014
- How the South's ugly racial history is haunting ObamaCare
- The real story behind Deliver Us From Evil
- Stop making fun of philosophy and read some philosophy
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- If Democrats abandon immigration reform after Tuesday's likely loss, they will turn 2016 into a debacle
- 6 things the happiest families all have in common
- What if Leo Strauss was right?
- What would a U.S.-Russia war look like?
- Israel's quiet doomsday submarines are almost ready
Subscribe to the Week