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On August 17, 1998, after relentless media attention, leaks, and news of White House intern [[Monica Lewinsky]]'s upcoming testimony regarding her extramarital affair with the President, Clinton made history by becoming the first U.S. president to testify in front of a grand jury in an investigation of his own possibly criminal conduct. In an address to the nation, he admitted to having misled the public and a Federal Court over keys elements of testimony. [[Kenneth Starr]], a special prosecutor appointed to investigate the case, was instructed to pursue the matter.
On August 17, 1998, after relentless media attention, leaks, and news of White House intern [[Monica Lewinsky]]'s upcoming testimony regarding her extramarital affair with the President, Clinton made history by becoming the first U.S. president to testify in front of a grand jury in an investigation of his own possibly criminal conduct. In an address to the nation, he admitted to having misled the public and a Federal Court over keys elements of testimony. [[Kenneth Starr]], a special prosecutor appointed to investigate the case, was instructed to pursue the matter.
[[File:ClintonTIME9801.jpg|thumb|290px]]
[[File:ClintonTIME9801.jpg|thumb|290px]]
In the second term Clinton was accused of perjury when he lied under oath during the Paula Jones sexual harassment lawsuit. In the end Clinton was impeached in the House and was tried in the Senate for two counts: "perjury" and "obstruction of justice".<ref>The House turned down two other counts: "abuse of power" as well as another count of "perjury" in connection with the Paula Jones case.</ref> Although a majority of 55 Senators voted to convict, 45 voting against gained his acquittal, a two thirds majority necessary to remove him from office.
In the second term Clinton was impeached for perjury when he lied under oath to a federal judge during the Paula Jones sexual harassment lawsuit. He was tried in the Senate for two counts: "perjury" and "obstruction of justice".<ref>The House turned down two other counts: "abuse of power" as well as another count of "perjury" in connection with the Paula Jones case.</ref> Although a majority of 55 Senators voted to convict, 45 voting against gained his acquittal, a two thirds majority necessary to remove him from office.
David Gergen, former White House Communications Director for both Presidents Reagan and Clinton, summarized the hurt of the President's misconduct:
David Gergen, former White House Communications Director for both Presidents Reagan and Clinton, summarized the hurt of the President's misconduct:
{{Cquote|The deep and searing violation took place when he not only lied to the country, but co-opted his friends and lied to them....when you have gone over the line, you won't bring others into it...You don't foul the nest."<ref>[http://www.washingtonpost.com/wp-srv/politics/special/clinton/stories/quinn110298.htm In Washington, That Letdown Feeling], By Sally Quinn, ''The Washington Post'', November 2, 1998, Page E01</ref>}}
{{Cquote|The deep and searing violation took place when he not only lied to the country, but co-opted his friends and lied to them....when you have gone over the line, you won't bring others into it...You don't foul the nest."<ref>[http://www.washingtonpost.com/wp-srv/politics/special/clinton/stories/quinn110298.htm In Washington, That Letdown Feeling], By Sally Quinn, ''The Washington Post'', November 2, 1998, Page E01</ref>}}
Clinton lost his law license in Arkansas because he had committed perjury before a Federal judge.
Clinton lost his law license because he had committed ethical violations for lying in federal court. It was during this scandal that Clinton famously stated: "It depends on what the meaning of the word 'is' is".<ref>http://news.bbc.co.uk/onthisday/hi/dates/stories/september/21/newsid_2525000/2525339.stm</ref>
It was during this scandal that Clinton famously stated: "It depends on what the meaning of the word 'is' is".<ref>http://news.bbc.co.uk/onthisday/hi/dates/stories/september/21/newsid_2525000/2525339.stm</ref>
===Repeal of Glass-Steagall Act===
===Repeal of Glass-Steagall Act===