The SBA Names an Interim Replacement for Its Outgoing Chief

Small Business Administrator Karen Mills addresses the Democratic National Convention in Charlotte on Sept. 5, 2012 Photograph by J. Scott Applewhite/AP Images

The question of who will succeed outgoing Small Business Administration chief Karen Mills hasn’t captivated the chattering classes as would, say, an open office in a more visible Cabinet position. Still, small business advocates and financiers who depend on the SBA’s guarantees have wondered in recent weeks when President Barack Obama would get around to nominating a replacement—and who would step in to run the agency on an interim basis when Mills leaves the agency at the end of the month for Harvard University.

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