7/31/2008

Treasury Secretary Henry Paulson has emerged as having the biggest role in determining the fate of the U.S. economy. While Paulson shares responsibility with President George W. Bush, Federal Reserve Chairman Ben S. Bernanke and Congress, it has been the Treasury chief who has had the highest profile in dictating policy direction. Most recently, Paulson was given unprecedented authority in overseeing the rescue of Fannie Mae and Freddie Mac.

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TIME magazine

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