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December 9, 2004 12:28 PM

John Snow Staying On At Treasury


Excerpt: Treasury Secretary John Snow has said "yes" to President Bush's request that he remain in his post in a second Bush administration, the White House said Wednesday.

   

Treasury Secretary John Snow has said "yes" to President Bush's request that he remain in his post in a second Bush administration, the White House said Wednesday.

"The president is pleased that Secretary Snow decided to stay on for his second term. He is a valued member of the economic team," White House Spokesman Scott McClellan said.

Snow, 65, has led the Treasury Department since February 2003. His future had been the focus of considerable speculation as Bush shook up his Cabinet following the Nov. 2 election: Last week, the Washington Post quoted an unnamed official as saying Snow could stay as long as he wants -- "provided it is not very long."

But Bush took Snow into the Oval Office Wednesday and formally asked him to stay, following a weekly lunch with his entire economic team, and Snow accepted.

"The secretary is honored to help the president implement his agenda to strengthen the economy," Snow spokesman Rob Nichols said.

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