Financial Times FT.com

The man and the moment: how Paulson could provide a better legacy for Bush

By Krishna Guha and Holly Yeager

Published: July 10 2006 03:00 | Last updated: July 10 2006 03:00

Rarely has the arrival of a new US Treasury secretary been awaited with such anticip­ation as that of Hank Paulson, the former chairman and chief exec­utive of Goldman Sachs who will be sworn in by President George W. Bush today.

Mr Paulson's appointment has already lifted expectations of what could be achieved on the economy in the remaining two and a half years of the Bush presidency - with talk even of a possible renewed effort to reform Social Security, the main US retirement programme.

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