Bush May Tap Evans for Treasury Job

Donald L. Evans, a former Commerce secretary, has reportedly emerged as the front-runner to succeed John Snow.
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President Bush may appoint an old friend and fellow Texas oil man, Donald L. Evans, to take the helm at the Treasury Department, according to media reports Saturday.

Evans, who served as commerce secretary until last year, has emerged as the front-runner to succeed Treasury secretary John Snow, according to reports in

The Wall Street Journal

and

The New York Times

that cited people close to the administration.

Snow this past week indicated his desire to resign after he attends the meeting of G-8 finance ministers scheduled for June 9 and 10, the

Journal

reported.

White House spokesman Tony Snow confirmed that Bush and Evans planned to spend the weekend together at the Camp David presidential retreat, according to the newspaper reports. He cautioned reporters not to read too much into the meeting, however, saying it had been planned well in advance.

Evans served as CEO of Denver oil company

Tom Brown Inc.

for 10 years before taking the top job at the Commerce Department, which he left a year ago to become the chief executive of the Financial Services Forum, an organization of financial institutions. He was also the chairman of President Bush¿s 2000 campaign.

The Bush administration has used its Treasury secretaries more as economic policy cheerleaders than as policymakers, and Secretary Snow has been criticized for not winning the White House enough credit for economic growth,

The Wall Street Journal

noted.

The administration had tried to woo some top Wall Street executives to succeed Snow, but none were interested because they likely wouldn¿t have a role in setting policy, according to

The New York Times

.