President Obama has been playing musical chairs with his Cabinet.
At the White House on Friday, Obama announced that he's chosen Housing and Urban Development Secretary Shaun Donovan to be his new budget director. Donovan would replace Sylvia Mathews Burwell, who's taking over the Department of Health and Human Services.
That leaves a vacancy atop the housing department, which the president plans to fill with an outsider: Julian Castro, the mayor of San Antonio and a rising star in the Democratic Party.
Castro would take over as HUD secretary at a time when the nation's housing market has been treading water.
There was some positive news this week about new and existing home sales inching up in April, but the overall spring selling season has been a disappointment. Housing does not look to be the engine of economic growth many forecasters had been hoping for. READ MORE
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