The Next Inner Circle

James A. Baker III, 58

His job: Secretary of State

Background: Houston lawyer, Bush campaign chairman in four elections, Reagan's first chief of staff, then Treasury Secretary.

Prognosis: Because of his intimacy with Bush, Baker is expected to be as powerful as any Secretary of State. In a crisis, public relations or substantive, Baker will take charge.

Nicholas Brady, 58

Likely job: Secretary of the Treasury

Background: Longtime Bush friend, U.S. Senator from New Jersey, chief executive of an investment banking firm, succeeded Baker as Treasury Secretary.

Prognosis: Respected in Congress, Brady is a pragmatist who will be a major asset...

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