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Home > Window on Washington > Archives > 2006 > May > 30 > Entry
Treasury shuffle
The official announcement came on a steamy morning in the Rose Garden. After months of speculation, John Snow is out as treasury secretary, to be replaced by Wall Street bigwig Henry Paulson, chairman of Goldman Sachs.
President Bush, who as recently as last week said Snow was doing a fine job and had made no mention to him of resignation, announced the change this morning.
The shuffle ends one name-game confusion in the administration, leaving new Press Secretary Tony Snow as the only Snow in the White House. But it also sets up another potential confusion. Paulson, if confirmed, will run Treasury. David Paulison is the new guy at FEMA.
Reviewing now: Tony Snow is in as press secretary. John Snow is out at Treasury. Henry Paulson is in at Treasury. David Paulison is in at FEMA.
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