The Obama administration is losing yet another Cabinet-level woman. Karen Mills, the head of the Small Business Administration, announced today that she'll be leaving the post she has held since 2009, reports Politico. The president issued a statement thanking Mills for cutting through red tape and making life easier for small businesses. "She has played a leading role in my administration's efforts to support start-ups and entrepreneurs," he said.
"Over the last four years, SBA supported more than $106 billion in lending to more than 193,000 small businesses and entrepreneurs," Mills wrote of her tenure. USA Today reports that she won't exit until a replacement has been confirmed. Obama elevated the SBA to a Cabinet-level agency last year, notes the Hill. (Read more Karen Mills stories.)