Snow nominated as new US Treasury secretary

Following Paul O'Neill's forced resignation on Friday the Bush administration signalled that boosting US jobs growth with tax cuts was at the top of its agenda for next year as it nominated John Snow as O'Neill's replacement as Treasury secretary.

President George W. Bush's announcement of the nomination of Mr Snow, a prominent corporate figure with previous government experience, as a replacement for the ousted Paul O'Neill, highlights plans to stimulate growth.

"John Snow will be a key adviser

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