Robert E. Rubin, Treasury Secretary in the Clinton administration and new chairman of Citigroup, will support Senator Hillary Rodham Clinton's presidential candidacy, The New York Times reported on Thursday.
Rubin has lent his name to Mrs. Clinton's last major fund-raising event of 2007, to be held in New York City on Dec. 13, and may appear with her or former President Bill Clinton on other occasions before the primaries and caucuses begin in January, the report quoted people close to them as saying.
The report said that aside from the backing of Al Gore, Rubin's endorsement has been the biggest prize from the Clinton administration for Rubin was one of the most widely admired economic stewards in Democratic politics.
"Because he is a deficit hawk, his support could also be a bulwark against Republican accusations that Mrs. Clinton is a free-spending liberal," the report said.
However, the report also said Rubin was not an early supporter of Mrs. Clinton's candidacy. He has clashed with Mrs. Clinton over health care reform and economic and budget priorities. And one of Rubin's sons, James, has been a major fund-raiser for a Clinton rival, Senator Barack Obama of Illinois.