Obama picks Maria Contreras-Sweet to head SBA

By Juliet Eilperin, Washington Post

President Obama on Wednesday plans to nominate Maria Contreras-Sweet, the founder and board chairman of a Latino-owned community bank in Los Angeles, as the head of the Small Business Administration , according to a White House official.

The president will announce the nomination formally at a public event in Washington, said the official, who asked not to be identified because the event had not taken place.

The selection of Contreras-Sweet, 58, fills the final slot in the president’s second-term Cabinet.

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