President Obama’s small business adviser is stepping down, the White House said on Monday.
Karen Mills, 59, who became the administrator of the Small Business Administration at the height of the global recession, will resign when the Senate confirms her replacement. Her four-year tenure saw an expansion of the agency’s lending authority and the elevation of her position to the Cabinet level.
Her departure adds to the vacancies on Mr. Obama’s second-term economic team, which also has openings for a commerce secretary, a trade representative and a budget director. Read more…
