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.

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 ...

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.

The AES Corp. announced recently that Richard Darman has joined its Board of Directors, expanding the Board to 12 members.