Paulson to Leave Treasury in 2009

U.S. Treasury Secretary Henry Paulson said that he has no interest in staying in his current position once a new administration takes office. On NBC television’s “Meet the Press,” Paulson said, “I look forward to doing other things next year.”

"I'm going to run right up until the end," he said. "I'm focused on getting everything done I can get done between now and January 19th." Paulson is responsible for overhauling the U.S. financial regulatory system and giving more power to the Federal Reserve after the downfall of the financial market.

Paulson has been under scrutiny after fellow Republicans accused him of socialism tendencies after Paulson instilled the plan to backup finance giants Fannie Mae and Freddie Mac, according to a Reuters report. They likened it to socialism because shareholders collected profits during good times while the government took the losses under less fortunate circumstances