San Antonio Mayor Julian Castro will be nominated to head the Department of Housing and Urban Development, part of an administration reshuffling that would bring a Democratic up-and-comer to President Barack Obama’s cabinet, according to three people familiar with the decision.
A U.S. Senate plan for Fannie Mae and Freddie Mac, the most thorough yet for winding down the two mortgage financiers, faces a first test this week with its authors making last-minute changes to gather more support.
U.S. Senator Charles Schumer of New York said he’ll oppose any attempts to divert money from about $3.5 billion remaining in funds from a superstorm Sandy aid law until the area has enough money to fully rebuild.
Sylvia Mathews Burwell, President Barack Obama’s choice to be his next secretary of Health and Human Services, brings experience in budgeting and management and one other important qualification: proven ability to get confirmed by a divided U.S. Senate.