Obama Taps Wal-Mart Exec As Budget Chief

Law360, New York (March 4, 2013, 6:14 PM EST) -- President Barack Obama on Monday nominated former Clinton administration staffer and current Wal-Mart Stores Inc. executive Sylvia Mathews Burwell as his next budget chief, three days after the $85.4 billion in mandatory federal budget cuts known as sequestration took effect.

Burwell will helm the Office of Management and Budget, which is responsible for formulating the president’s annual budget proposal to Congress. She will replace acting director Jeffrey Zients in the midst of the political wrangling over deficit spending, tax increases and budget cuts that led to...
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