Obama to nominate Walmart's Burwell as White House budget chief -sources

WASHINGTON, March 3 Sun Mar 3, 2013 3:43pm EST

WASHINGTON, March 3 (Reuters) - President Barack Obama plans to nominate Walmart Foundation head Sylvia Mathews Burwell to head the White House Office of Management and Budget on Monday, sources said on Sunday.

Burwell is a veteran of Bill Clinton's White House and has helped steer philanthropic efforts while at Walmart in Bentonville, Arkansas. The sources, who asked to remain unidentified, said plans were for Burwell to be nominated on Monday.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.