John W. Snow
John W. Snow
John William Snowwas the CEO of CSX Corporation, and served as the 73rd United States Secretary of the Treasury under U.S. President George W. Bush. He replaced Secretary Paul O'Neill on February 3, 2003 and was succeeded by Henry Paulson on July 3, 2006, in a move that had been anticipated. Snow submitted a letter of resignation on May 30, 2006, effective "after an orderly transition period for my successor." Snow announced on June 29, 2006 that he had completed...
NationalityAmerican
ProfessionEconomist
Date of Birth2 August 1939
CountryUnited States of America
I have many private conversations with Chairman Greenspan and we never reveal what we talk about. So I don't want to break my rule.
Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States.
The deficit - the U.S. knows our deficit is too large. We are committed to bringing it down. We are bringing it down. The deficit came in for fiscal year '05 at considerably below where it was the prior year.
The deficits are modest, manageable, and will recede to zero,
It's gratifying to see our persistence and commitment pay off,
It's up to the Treasury Department to take the report, review it carefully, understand the implications and use the report as a starting place for recommendations that we will make to the president,
It may be harder on some than on others, but overall the banking sector remains healthy and strong,
We are seeing a tremendous outpouring of the American spirit, ... That is our indication that this program will be utilized and have a desirable effect.
We believe that more financial flexibility is in the best interests of our shareholders and will increase the company's value over the long term,
To say we have a roadmap would be too grandiose a characterization, ... We do have a long list of things that are being worked on that we're suggesting need to be dealt with.
We will continue to look hard at the situation and try and evaluate whether or not sufficient progress is being made,
We would expect some continuing moderation in the energy market, ... But it's clear the United States has to be less dependent on supplies from abroad.
The President I know is one who is fully engaged, who does ask tough questions, who pesters me all the time with questions.
When we talk about our housing market, we're really talking about hundreds of housing markets, each with different characteristics, in local markets,