    [Public Papers of the Presidents of the United States: William J. Clinton (1994, Book II)]
    [August 17, 1994]
    [Page 1475]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Letter Accepting the Resignation of Roger Altman as Deputy Secretary at
    the Department of the Treasury
    August 17, 1994

    Dear Roger:
        I have received your letter of today's date resigning as Deputy
    Secretary of the Treasury. I believe you have taken the right step under
    the circumstances, and I regretfully accept your resignation, effective
    upon the confirmation of your successor.
        I agree with Secretary Bentsen that you have made many valuable
    contributions to this administration as Deputy Secretary. You played a
    vital role in the passage of NAFTA and the deficit reduction plan, both
    critical steps for the American economy. I hope that in due course you
    will be able to return to public service. Meanwhile, I look forward to
    the benefit of your continuing advice and assistance.
        Sincerely,

                                                                Bill Clinton

    Dear Mr. President:
        I am resigning today as Deputy Secretary of the Treasury. Under the
    circumstances, this is the proper step to take. With your permission,
    the resignation would become effective upon the confirmation of my
    successor.
        As I explained to the Senate, I regret any mistakes or errors of
    judgment I may have made. For them, I apologize. And, hopefully, my
    stepping down will help to diminish the controversy.
        I am proud to have served in your Administration. It has laid a
    foundation for improving the security and standards of living of the
    American people. From the Economic Plan to NAFTA to health care, you
    have consistently made courageous decisions. And, I believe that history
    will regard them as such.
        It has been a special privilege to serve you, Secretary Bentsen, and
    the American people over the past year and a half. Thank you very much
    for the opportunity you gave me. I believe fervently in the
    Administration's agenda and hope to advance it in other capacities.
        Sincerely,

                                                                Roger Altman

    Note: Mr. Altman's letter of resignation to Secretary of the Treasury
    Lloyd Bentsen and the Secretary's letter of acceptance were also
    released by the Office of the Press Secretary.