Shaun Donovan has the worst job in Washington and doesn't seem to know it.
As the new Housing and Urban Development (HUD) secretary, he's President Barack Obama's point man on the mortgage meltdown, charged with devising an exit strategy for the worst real estate crisis ever. More than 8 million Americans are expected to lose their home over the next four years as rising unemployment compounds already high foreclosure rates.
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Yet Donovan, 43, is a happy guy. Sitting inside the agency's New York office, a towering gray cinder-block building in downtown Manhattan, the youngest cabinet-level appointee in history has big plans for not only tackling the meltdown, but fixing a host of other housing ailments. "It's enormously exciting," he says.
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