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In 1970, Time reports on Nixon’s appointment of George Shultz to head the newly organized Office of Management and Budget (OMB).
“Rapidly following up on his transfer of Robert Finch from the Department of Health, Education and Welfare to the White House, Nixon last week drafted another Cabinet officer, Labor Secretary George Shultz, to head the Office of Management and Budget, which comes to life in the White House on July 1. The creation of the OMB, together with a new Domestic Affairs Council, had been announced in March. Now Nixon's choice of Shultz to head the OMB, together with his transfer of Finch, makes the organizational changes more important than they appeared to be at first. The other personnel shifts: Caspar Weinberger, chairman of the Federal Trade Commission and former state finance director of California, joins the OMB as Shultz's deputy.”
Shultz went on to become Secretary of the Treasury under President Nixon.