Reply #1: US Treasury's Snow says serves at Bush's pleasure (Dead Man Walking)

[Bush_Eats_Beef]

US Treasury's Snow says serves at Bush's pleasure
Fri Apr 7, 2006 10:18 AM ET

WASHINGTON, April 7 (Reuters) - U.S. Treasury Secretary John Snow said on Friday that his future in the position would depend on private conversations between himself and President George W. Bush.

Speaking on CNBC television, Snow declined to comment on press reports that Goldman Sachs chief executive Henry Paulson may replace him.

Asked whether he intended to serve as Treasury secretary for the remainder of Bush's second term, Snow said: "I thank you for the inquiry, but that's a subject for me and the president. As all cabinet secretaries (do), I serve at the pleasure of the president. I'm honored and privileged to hold this post but that's really a private conversation with the president of the United States."

Snow said he was heartened by Bush's remarks earlier this week that Snow "has been a valuable member of my administration". "It's nice to have your boss endorse you. I appreciated that vote of confidence from the president," Snow said. He said discussions with Bush regarding his future are private conversations and wouldn't be made public.

http://today.reuters.com/investing/financeArticle.aspx?type=economicNews&storyID=2006-04-07T141903Z_01_WAT005241_RTRIDST_0_ECONOMY-SNOW-URGENT.XML