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White House Nominates Paulson for Treasury

President Bush nominates the head of one of Wall Street's top financial firms to lead the Treasury Department.

Henry Paulson Jr. -- chairman of Goldman Sachs -- is slated to replace resigning Secretary John Snow.

The White House hopes Paulson will do a better job than Snow selling the president's economic record.

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Steve Inskeep is a host of NPR's Morning Edition and Up First.