P.M. BRIEFING : Glenn to Explain Keating Deals
Sen. John Glenn (D-Ohio) was summoned before the Senate Ethics Committee today, the first of five senators being asked to justify helping Charles H. Keating Jr. while his savings and loan headed toward collapse.
Appearing individually at closed hearings this week and next, the senators will explain their intervention with U.S. banking regulators and their acceptance of a total of $1.3 million in political donations from Keating and his associates.
Congressional sources have said committee special counsel Robert S. Bennett recommended cases be dismissed against Glenn and John McCain of Arizona, the only Republican among the five. McCain is scheduled to appear Thursday.
The three other senators involved are Alan Cranston of California, Dennis DeConcini of Arizona and Donald W. Riegle Jr. of Michigan.
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