• Most Popular
  • Most Shared

Paulson to stay at U.S. Treasury for rest of Bush presidency

WASHINGTON
Mon Dec 3, 2007 4:37pm EST

WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson said on Monday he intends to stay on as Treasury chief for the remaining 14 months of the George W. Bush presidency rather than return to the private sector.

In an interview on CNBC Television, Paulson was asked about rumors that he might take over the reins of troubled Citigroup. But he dismissed the possibility out of hand.

"Let me say I'm going to be running full speed here at Treasury right up until the end of President Bush's term, that is what I am focused on and I'm focused on doing everything I can to help the U.S. economy," Paulson said.

(Reporting by Glenn Somerville; Editing by Dan Grebler)


More from Reuters

Photo

Voicing some optimism, Fed leaves policy on hold

WASHINGTON (Reuters) - The Federal Reserve on Wednesday seized on easing U.S. job losses to voice growing optimism on the economy's prospects, but repeated a vow to keep interest rates unusually low for "an extended period." | Video

» More Top News
An an exit sign is pictured in New York City October 14, 2006. REUTERS/Lucas Jackson
Interview:

No stimulus exit in sight

The man who predicted the fallout from the property bubble says it's still too early to talk about exiting easy money policies. In fact, more stimulus is on the way.  Full Article 

ECONOMY
The tail section of the turboprop MQ-9 Predator B drone is seen on the tarmac at Fort Huachuca, Arizona, December 5, 2006.

Just don't say the D-word

In the high-testosterone world of military jets, the words "drone" and "unmanned aerial vehicle" don't fly. Now there's a new term in town.  Full Article 

AEROSPACE & DEFENSE SUMMIT