After Bush lost to Bill Clinton in 1992, Mr. Darman joined the Carlyle Group, the private principal investing firm, as a partner and managing director.

Richard Darman, a former White House budget director who helped convince former President George H.W. Bush to renege on his no new taxes pledge, died Friday. He was 64.

Jonathan Darman is a former correspondent for Newsweek and the author of several books.

Under Darman it was a true power base and engine for good government. Darman orchestrated a deal with the Democrats in 1990 to require that any new spending be met with spending cuts or tax increases.

Richard Darman, a former White House budget director who helped convince former President George H.W. Bush to renege on his no new taxes pledge, died ...

Gary Darman, principal partner of Oak Point said the prospective buyer, Hometown America, has 45 days to decide. “We’ve already agreed on a price,” Daman said, but declined to name the figure.

Gary Darman, principal owner of Oak Point, said his New York financiers have to sell their 50 percent interest in the project. Darman wasn’t ready to sell, but said it makes more sense to sell ...