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Russia cools to dollar as it invests stability fund
By Jeannine Aversa
Associated Press
Thursday, May 25, 2006
http://news.yahoo.com/s/ap/20060525/ap_on_go_ot/snow_treasury
Treasury Secretary John Snow has signaled to the White House that he
is ready to resign once President Bush has picked a successor,
administration officials and people close to Snow said Thursday.
They said Snow has made clear he eventually intends to return to the
private sector. They spoke on condition of anonymity because Snow is
not ready to discuss his plans publicly.
It's unclear when Snow will offer his resignation, these people said.
Treasury Department spokesman Tony Fratto declined to comment. "I
don't speculate on personnel matters," he said.
Snow, 66, took over Treasury in February 2003.
He replaced Paul O'Neill, whose blunt talking style came to irk the
White House as well as some Republican and Democratic lawmakers in
Congress. Unlike O'Neill, Snow hasn't veered from the Bush economic
line. Still, the White House is said to want a more effective
salesman for the president's economic policies.
People inside the administration said a replacement for Snow has not
been settled upon.
Possible contenders who have been mentioned for the Treasury post
include Stephen Friedman, who had served as director for Bush's
National Economic Council.
Another possibility: Don Evans, Bush's former commerce secretary and
a close personal friend of the president.
Yet another person being mentioned is David Mulford, who was
appointed by Bush to be the U.S. ambassador to India. He served as
undersecretary for international affairs at the Treasury Department
during the administration of Bush's father.
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