According to the associated press 29, news, United States Treasury Secretary John Snow 30, President Bush announced his resignation, Goldman Sachs Chairman Henry will appoint • Paulson took over from its location.
Local time 30, United States President George w. Bush at the White House rose garden, officially announced this news. Bush said in a statement: "Paulson life in dealing with business, experience, he will be our economic leadership team, our economic policies best explains. ”
Bush noted that Paulson's priority is "to maintain economic growth and low taxation environment", and in cooperation with the Congress on overhead. Bush also praised the snow in the Ministry of Finance's extraordinary leadership.
Stephanie 66-year-old snow in February 2003, received the Minister of Finance's "seal". Prior to this, there is rumor that the capacity of the snow was a lot of questioning of members of the Republican party, the White House hopes to have a bit in the Bush economic policy more men to hold this position.
Earlier this year, Bush's newly appointed Joshua Bolten as White House • chef, analysts at the time that Paulson is expected to replace snow because Bolten worked at Goldman Sachs worked together with Paulson.
Paulson at Goldman Sachs acted as Chairman of the Board is more than 8 years, the company is Wall Street's major financial companies, has a number of United States Government executives ranked. Paulson or a multimillionaires, Goldman Sachs in 2004 to pay remuneration in respect of the total $ 30 million.
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