PAULSON GETS SENATE APPROVAL AS TREASURY SECRETARY; THE WALL STREET VETERAN WILL BECOME THE BUSH ADMINISTRATION'S CHIEF ECONOMIC SALESMAN DURING A PERIOD OF INFLATION CONCERNS.(Henry Paulson Jr)

HFN: The Weekly Newspaper for the Home Furnishing Network, July, 2006

Byline: Kristi Ellis

WASHINGTON-The Senate recently approved the nomination of Henry Paulson Jr., who was chairman and chief executive officer of Goldman Sachs Group for seven years, to be the nation's next treasury secretary.

With broad bipartisan support, Paulson, 60, was confirmed by voice vote after the Senate Finance Committee endorsed the nomination. The approval means Paulson, a 32-year veteran of Wall Street, will succeed John Snow and become the Bush administration's chief economic salesman during a period of inflation concerns and slowing growth in some sectors.

At a hearing on his nomination, Paulson testified that the United States should prod China to move faster on economic reforms and supported the administration's tax and...

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