With Joshua Bolten set to replace Andrew Card as the White House chief of staff, rumors are growing louder that Treasury Secretary John Snow may be the next to go.
According to a report in The New York Times, Bolten wants Snow to be replaced with someone who will present the administration's message more forcefully.
Among the names already being kicked around as potential successors to Snow are Goldman Sachs chief executive Henry Paulson, Morgan Stanley chief executive John Mack and Time Warner chairman Richard Parsons. Bolten worked at Goldman Sachs in the 1990s as the investment banking firm's chief lobbyist at the Brussels headquarters of the European Union. President Bush named Bolten his budget director three years ago, and Bolten steered an agenda mostly dominated by White House tax cuts.
Card stepped down earlier this week and Bolten will take over the top staff job next month. The Times also quoted Republicans as saying if a new secretary was picked from Wall Street's ranks, it would help reassure those worried about growing budget and trade deficits.
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