Economic Slowdown: Bush's Budget Director: The Penny Pincher In Chief

How tight is George W. Bush's choice for director of the Office of Management and Budget? Mitch Daniels sold off wedding gifts he couldn't return, made a job applicant split the bill for a lunch interview and years ago fished coins from a tavern toilet to pay for a pitcher of beer. Even as a millionaire drug-company executive, he buys suits off the rack and golfs at the Indianapolis, Ind., club with the lowest dues.

Frugality is certainly a virtue for the nation's chief bookkeeper, especially when he's working for a President who wants to give taxpayers a big break. In...

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