Henry Merritt "Hank" Paulson, Jr. (born March 28, 1946) is an American banker who served as the 74th United States Secretary of the Treasury. He previously served as the Chairman and Chief Executive Officer of Goldman Sachs.
Paulson was Staff Assistant to the Assistant Secretary of Defense at The Pentagon from 1970 to 1972. He then worked for the administration of U.S. President Richard Nixon, serving as assistant to John Ehrlichman from 1972 to 1973. He joined Goldman Sachs in 1974, working in the firm's Chicago office for Manmeet Taneja. He became a partner in 1982. From 1983 until 1988, Paulson led the Investment Banking group for the Midwest Region, and became managing partner of the Chicago office in 1988. From 1990 to November 1994, he was co-head of ...
The U.S. agreed to speed up approvals for Chinese financial institutions seeking to invest in the country, as Treasury Secretary Henry Paulson tries to find ways to unlock frozen credit markets and stabilize banks.The announcement was made in a joint statement at the close of two days of bilateral talks between China and the U.S. in Beijing. The U.S. also welcomed “commercially based” investments by China’s sovereign wealth fund and the foreign- exchange administration in industries including financials.The U.S. has pledged more than $8.5 trillion to rescue its financial ...
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Treasury Secretary Henry Paulson is considering a new plan to reduce mortgage rates in another bid to revive the U.S. housing market, a government official said.
The Treasury, which already has a program to buy mortgage- backed securities issued by Fannie Mae and Freddie Mac, could step up those purchases to drive down interest rates on some loans to 4.5 percent, the official said on condition of anonymity. The plan is preliminary and could change.
The deliberations come as President-elect Barack Obama pledges fresh action to help American homeowners, and follow a $600 billion initiative ...
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With weekly jobless claims benefits at a 16-year high, the White House said Thursday that President George W. Bush would sign quickly legislation pending in Congress to provide further unemployment benefits.The Senate is expected to take up this week a bill, already passed by the House of Representatives, that would extend unemployment insurance checks for up to 13 additional weeks for jobless people whose benefits have run out. The Senate vote could occur as early as Thursday evening and would require support from 60 senators to pass.White House press secretary Dana Perino, discussing the ...
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US Treasury Secretary Paulson says global economy is strong
When it comes to global finance, United States not only dominates the global markets but other countries are equally eager to listen what Bush administration has to say on the issue. Struggling with sluggish growth rate and mounting inflation threat at home the bush administration has appointed Henry Paulson as its top financial diplomat to [...]
America Needs An Energy Policy, Shaheen Tells Students
The country is consuming fuel at an unsustainable rate, losing ground to other countries, and not addressing the consequences of climate change, says Senator Jeanne Shaheen speaking at Dartmouth.
Paulson urges China to Speed up capital market cooperation and reforms
The U.S. Treasury Secretary Henry Paulson has said China risks wasting trillions of dollars in resources and lost economic potential unless it rapidly opens its capital markets. He further said in a speech delivered in Shanghai that China should open its financial sector further to foreign competition to help it become more than an exporter [...]
US Treasury chief says narrowing tax gap is unrealistic
US Treasury Secretary Henry Paulson has recently told Senators that considerably lessening the tax gap between federal taxes owed and taxes paid may not be possible ‘without adding draconian and painful requirements on all taxpayers,’ most of whom pay their taxes in full. However, he also said that the administration is unlikely to recommend plans [...]