Wall Street mogul becomes Bush's new treasury chief

George Bush has turned to a 32-year Wall Street veteran, Goldman Sachs chief Henry Paulson, in a bid to breathe life into his economic agenda and revive his troubled presidency.

The appointment of Paulson yesterday as Bush’s next US Treasury secretary marked the latest major change in the president’s personnel line-up that started two months ago with the replacement of his chief of staff and has grown to include his CIA director, budget chief and top trade representative.