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.