President Bill Clinton on Reels

On this day 25 years ago, President Bill Clinton signed the bipartisan Balanced Budget Act of 1997, which eliminated the national budget deficit, spurred economic growth and spread opportunity, and invested in education and healthcare for Americans. In 1992, the federal budget deficit was $290 billion. By the year 2000, the United Sates realized its largest ever annual budget surplus: $236 billion. The last four budgets of the Clinton administration marked the first time in more than 70 years th

Bill Clinton, who was born on this day in 1946, was the 42nd president of the United States, and oversaw the country's longest peacetime economic expansion but his second term in the White House was dominated by the Monica Lewinsky scandal. | Biography