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Special Event

President Clinton Delivers Remarks on New Markets Initiatives

Aired May 23, 2000 - 12:26 p.m. ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

FRANK SESNO, CNN ANCHOR: We want to take you over to the White House quickly, where the president of the United States and the speaker of the House, Dennis Hastert, have been talking about new markets initiatives to bring economic prosperity into regions that have been bypassed by the economic growth.

But we are expecting the president to take some questions at the conclusion of this event. We want you to be able to hear that. So we listen in.

(JOINED IN PROGRESS)

WILLIAM J. CLINTON, PRESIDENT OF THE UNITED STATES: An effort or equally distributed in this whole world and I do. We owe it to them. And I agree with what Mr. Talent (ph) said. I think what we have done is a privilege for us. We are just doing what we ought to do. Now we got to go out and finish the job.

Thank you very much.

SESNO: We do want to give you some background here on this new markets initiative that has come from the White House. It has been an effort spearheaded by the president, supported by secretary of housing and urban development, Andrew Cuomo, to get the president and other administration officials out into rural and urban areas of the country, as we mentioned, that have been bypassed, that have not enjoyed the full fruits of the recent economic recovery.

We went back to the White House event, to this White House event, to bring it to you because we had some indication that the president would be taking some questions. And given the status of the China trade bill that's up on the Hill now, set for a vote tomorrow, and also the news out of Arkansas, the committee there had voted to disbar the president as a result of his testimony in the Paula Jones suit, we wanted you to hear any questions that might be put to the president.

As you see, he is in the room, working it, shaking those hands, and acknowledging those who showed up for this event. So we will see if he makes his way back to the microphone.

Normally, at the conclusion of one of these, you hear -- some of the stentorian tones of the reporters who are in attendance holler out to the president. I guess that is not to be the case, at least not now. JEANNE MESERVE, CNN ANCHOR: Apparently not.

SESNO: A little of taste and flavor of Washington, sometimes unpredictable.

MESERVE: Absolutely

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