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Today in history: January 31
In 1995, Clinton used his executive power to authorize a $50 billion bailout of Mexico
Clinton worried about America's border security.
Clinton worried about America's border security. (Pool/Getty Images)

Jan. 31, 1995: After Congress rejected a $50 billion bailout of Mexico, President Clinton, used his executive power to OK a $20 billion loan to that country. Mexico's economy was crumbling and its currency, the peso, plunged in value. Clinton, fearing unrest south of the border, said U.S security was at stake and authorized the bailout.

Quote of the Day

"If you live long enough, you'll make mistakes. But if you learn from them, you'll be a better person. It's how you handle adversity, not how it affects you. The main thing is never quit, never quit, never quit." — Bill Clinton

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