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$$$ Obama Taps Walmart Foundation Prez AP

Obama Taps Walmart Foundation Prez

The country's next budget chief might come from the nonprofit sector. According to a White House official, President Obama is planning to nominate Walmart Foundation President Sylvia Mathews Burwell. She would be the second woman to hold the role at a time when $85 billion in across-the-board spending reductions are being implemented. Burwell would replace Jacob Lew, who was recently confirmed as Treasury secretary.

March 3, 2013 9:58 PM