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There are rumors floating about DC today that former Sen. Phil Gramm is about to be named Treasury Secretary to replace Secretary John Snow.

There were rumors earlier this week that Gramm was being offered a job as "senior counselor" to the President to oversee Congressional relations, among other things.

Gramm's name have been floated a number of times over the past 18 months and nothing much has come of it. There are several other people who would love to put their hats in the ring for the Treasury job: Robert Kimmett and Tim Adams, both Snow deputy secretaries, have made it clear they would like the job. And White House chief of staff, Joshua Bolten spent five years with Goldman Sachs before moving to Austin in 1999, so he knows the senior Wall Street types that might be enamoured of the job.