Summarise the following: NAME_1 (né Blythe III; born August 19, 1946) is an American politician who served as the 42nd president of the United States from 1993 to 2001. He previously served as governor of Arkansas from 1979 to 1981 and again from 1983 to 1992, and as attorney general of Arkansas from 1977 to 1979. A member of the Democratic Party, NAME_2 became known as a New Democrat, as many of his policies reflected a centrist "Third Way" political philosophy. He is the husband of NAME_3, who was a U.S. senator from New York from 2001 to 2009, secretary of state from 2009 to 2013 and the Democratic nominee for president in the 2016 presidential election.

NAME_2 was born and raised in Arkansas and attended Georgetown University. He received a Rhodes Scholarship to study at University College, Oxford, and later graduated from Yale Law School. He met NAME_4 at Yale; they married in 1975. After graduating from law school, NAME_2 returned to Arkansas and won election as state attorney general, followed by two non-consecutive tenures as Arkansas governor. As governor, he overhauled the state's education system and served as chairman of the National Governors Association. NAME_2 was elected president in the 1992 presidential election, defeating incumbent Republican president NAME_5 and independent businessman NAME_6. At 46 years old, he became the third-youngest president of the United States and the first president to be born in the Baby Boomer generation.

NAME_2 presided over the longest period of peacetime economic expansion in American history. He signed into law the North American Free Trade Agreement (NAFTA) and the Violent Crime Control and Law Enforcement Act, but failed to pass his plan for national health care reform. The Republican Party won unified control of Congress for the first time in 40 years in the 1994 elections, but NAME_2 was still comfortably re-elected in 1996, becoming the first Democrat since NAME_7 to win a second full term. Starting in the mid-1990s, he began an ideological evolution as he became much more conservative in his domestic policy, advocating for and signing the Personal Responsibility and Work Opportunity Act, the State Children's Health Insurance Program and financial deregulation measures. He appointed NAME_8 and NAME_9 to the U.S. Supreme Court. During the last three years of NAME_2's presidency, the Congressional Budget Office reported a budget surplus—the first such surplus since  The response should be in all capital letters.
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