Stockman Successor Named
United Press International
WASHINGTON —
President Reagan today nominated James C. Miller III, the chairman of the Federal Trade Commission, to replace David A. Stockman as budget director.
Miller, 43, a conservative economist, was dubbed the “deregulation czar” when he served as an assistant director of the Office of Management and Budget in 1981. Under his guidance, the FTC approved the biggest mergers in U.S. history--Standard Oil of California’s $13.2-billion takeover of Gulf Corp. and Texaco’s $10.1-billion acquisition of Getty Oil Co.
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