CLINTON'S PROGRAM GETS ENDORSEMENT OF FED'S CHAIRMAN
President Clinton's hand in the coming budget struggle was strengthened today when the chairman of the Federal Reserve Board, Alan Greenspan, who is a Republican and a staunch conservative, endorsed Mr. Clinton's proposal to cut the budget deficit. Testifying before the Senate Banking Committee, Mr. Greenspan, who is widely respected on Wall Street, called the plan "serious" and "credible" and praised it for including detailed cuts, rather than relying on vague goals to cut the deficit.
