Paulson's First Big Test

The Bush Administration will look to Treasury nominee Hank Paulson to lead the effort to reform Medicare and Social Security

One key test for Henry M. Paulson, President George W. Bush's choice to be his third Treasury Secretary, will be whether he can push the White House to seriously tackle the massive long-term budget deficits facing the nation. And a possible vehicle for addressing that issue is a bipartisan commission with the political clout to find solutions to this future fiscal mess. That idea has been languishing in the White House for months, but Paulson could give it new life.

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