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Paulson-Snow Swap Signals New Emphasis

President Bush nominates Goldman Sachs Chairman Henry Paulson to be the new Treasury Secretary. He is to replace John Snow, whose resignation from the Cabinet will become official in June. Snow's departure had been widely expected.

John Snow took over at the Treasury just over three years ago, following the controversial tenure of Paul O'Neill, who clashed with President Bush over tax policy and the widening budget deficit.

The new secretary may not be able to improve on the strong growth and low unemployment figures seen in recent months, but the Bush administration hopes he will prove a better salesman for those results. The Senate will take up Paulson's confirmation after its Memorial Day recess.

Paulson is expected to start touring the country, touting the economy and the president's policies, as soon as he is confirmed.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

You're most likely to find NPR's Don Gonyea on the road, in some battleground state looking for voters to sit with him at the local lunch spot, the VFW or union hall, at a campaign rally, or at their kitchen tables to tell him what's on their minds. Through countless such conversations over the course of the year, he gets a ground-level view of American elections. Gonyea is NPR's National Political Correspondent, a position he has held since 2010. His reports can be heard on all NPR News programs and at NPR.org. To hear his sound-rich stories is akin to riding in the passenger seat of his rental car, traveling through Iowa or South Carolina or Michigan or wherever, right along with him.
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