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Obama's choice for budget job

US President Barack Obama will nominate Walmart Foundation head Sylvia Mathews Burwell (pictured) to be his next budget chief. It comes after Mr Obama signed across-the-board cuts of $US85 billion ($83.3 billion) in US federal spending after failing to clinch an agreement with Republicans to solve the nation's deficit and debt problem.
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InvestSMART
By InvestSMART · 5 Mar 2013
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InvestSMART
By InvestSMART ·
5 Mar 2013
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US President Barack Obama will nominate Walmart Foundation head Sylvia Mathews Burwell (pictured) to be his next budget chief. It comes after Mr Obama signed across-the-board cuts of $US85 billion ($83.3 billion) in US federal spending after failing to clinch an agreement with Republicans to solve the nation's deficit and debt problem.
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Frequently Asked Questions about this Article…

President Barack Obama has nominated Sylvia Mathews Burwell, the head of the Walmart Foundation, to be his next budget chief.

Before the nomination, Sylvia Mathews Burwell was serving as head of the Walmart Foundation.

The nomination comes after President Obama signed across-the-board cuts of US$85 billion in federal spending.

The across-the-board federal spending cuts totalled US$85 billion (reported as US$85 billion, or AU$83.3 billion in the article).

The article says the cuts were implemented after President Obama failed to clinch an agreement with Republicans to solve the nation's deficit and debt problem.

President Barack Obama signed the across-the-board federal spending cuts.

Yes. The article identifies Sylvia Mathews Burwell as head of the Walmart Foundation, linking her to Walmart's philanthropic arm.

No. The article reports the nomination and the signing of across-the-board cuts and notes the failure to reach an agreement with Republicans, but it does not provide analysis or commentary on market or investor impacts.