His biggest client is the United States Government, going after assets connected with failed savings and loans and banks.

Furthermore, massive additional Government borrowing to liquidate failed savings and loan institutions and pay off the depositors could push up interest rates, at least temporarily.

A House bill would rob other programs to replenish the fund backing insured depositors at failed savings and loan institutions.

Mr. Cutler maintained that whatever the problems of Mr. McDougal and his failed savings and loan, they had nothing to do with the Clintons.

This year Washington will spend an estimated $96 billion to cover failed savings and loans' liabilities to insured depositors.

Despite the Government's crash program to close failed savings and loans, losses at the surviving solvent institutions more than doubled in the third quarter, compared with the previous quarter, regulators said today.

The Senate Banking Committee today authorized an additional $30 billion in taxpayer money to continue closing failed savings and loan institutions.

Passage, on a 94-to-4 vote, came after the Treasury Department agreed this morning to a procedure for pursuing negligent insiders at failed savings and loan institutions.

Mrs. Clinton had said she did "minimal" legal work for Madison Guaranty, a failed savings and loan owned by James McDougal, the Whitewater developer.

These documents deal with Mrs. Clinton's legal work for Madison Guaranty, the failed savings and loan run by their Whitewater partner.