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Article: Mr. Wall Street goes to Washington; President Bush named Goldman Sachs CEO Henry Paulson Jr. Tuesday as his pick for the next Treasury chief.(USA)
- Article from:
- The Christian Science Monitor
- Article date:
- May 31, 2006
CopyrightCOPYRIGHT 2006 The Christian Science Publishing Society. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Ron Scherer and Linda Feldmann Staff writers of The Christian Science Monitor
NEW YORK AND WASHINGTON -- President Bush has lined up a Wall Street heavyweight as chief spokesman for the economy. He's Henry Paulson Jr., who has been running finance powerhouse Goldman Sachs - and as the designated next Treasury secretary, he'll have a big job ahead of him.
Despite the current strong economic statistics, he must try to lift public sentiment that polls show is distinctly negative about the economy. At the same time, he will have to convince the world's investors that they should continue to finance the swollen US budget and trade deficit. And Wall ...