We face the potential of a serious emergency in a little more than two years. We do not know the full impact of the year 2000 problem because of limited research. This must change. With time running out, the president must work with Congress to take up the fight. It is no longer just a technical problem it s everyone s problem, and it draws closer with each passing hour.
Every federal agency is at risk of widespread systems failures.
February 7, 1997. It s a very risky situation, he said. There s no plan B, he said. The whole financial system of the United States will come to a halt. It s very serious.