Obama to Tap Law Scholar for Regulatory Role

President-elect Barack Obama is expected to name longtime University of Chicago legal scholar and prominent author Cass Sunstein to head the Office of Informatoin and Regulatory Affairs, the Wall Street Journal reported Wednesday.

A low-profile position in the current administration, the job is likely to be a higher-wattage one after Obama takes office this month.

Obama has promised an overhaul to federal regulation, specifically of the U.S. financial markets, and Sunstein's job description suggests a sweeping agenda.

 Jonathan Weisman and Jess Bravin have the story in the Wall Street Journal.

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