May 30 2006

Graham Statement on Treasury Secretary

WASHINGTON – U.S. Senator Lindsey Graham (R-South Carolina) today made the following statement on the resignation of John Snow as Treasury Secretary and the nomination of Henry M. Paulson, Jr. to fill the position. “John Snow served his nation well as Treasury Secretary. He has a deep understanding of our nation’s economy and was an able advocate for American interests abroad. Our economy has flourished in recent years due, in large measure, to Secretary Snow’s work. “It has been one of the highlights of my time in the Senate to work closely with him on the China currency issue. John is someone whose word is his bond. “As for Mr. Paulson, President Bush has chosen wisely in selecting him for this position. He enjoys a great reputation throughout the world’s financial markets and investor community. I hope he will continue working in partnership with the Congress to keep pressure on China to accurately value its currency.” #####