Hank Paulson gets the nod from the Senate Finance Committee.
The Senate Finance Committee on Wednesday approved Henry Paulson's nomination to become treasury secretary and sent it to the full Senate for a vote that is likely to come fairly quickly.
The committee approval came after a nomination hearing on Tuesday where Paulson faced scant opposition as he voiced support for Bush administration tax cuts and promised to keep pushing China toward increased currency flexibility.
The full Senate can give its approval by a voice vote, and on Wednesday morning Senate Majority Leader Bill Frist said Paulson's nomination will be considered this week.
So it may be only a matter of days before Hank officially moves from being the number one guy at Goldman Sachs to being the guy who takes orders from George W. Bush.