Dick Darman

Richard Gordon Darman was an American businessman and government official who served as Director of the Office of Management and Budget under President George H. W. Bush and held senior positions under President Ronald Reagan, including Deputy Secretary of the Treasury and White House Staff Secretary. He is best known for his role in negotiating the 1990 budget deal that raised taxes, breaking Bush's campaign pledge of no new taxes. From 1993 until his death in 2008, he was a partner and managing director of The Carlyle Group. He passed away on January 25, 2008, at the age of 64.