Obama to Elevate SBA Chief

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From the Wall Street Journal:

President Barack Obama is expected to announce Friday that he will exercise his executive authority to elevate the head of the U.S. Small Business Administration to a cabinet-level position, according to two senior administration officials.

The announcement will come along with a broader proposal from Mr. Obama to combine the Small Business Administration with five other government offices that would become a single, streamlined agency. It was unclear if the SBA would retain cabinet-level status if the consolidation went through.

[The President delivers remarks on government reform at 11:20 a.m., according to White House calendar]

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