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Bank sees commercial customers putting off buying capital goods, CEO says.
Former Williams-Sonoma finance chief succeeds Jim Muehlbauer.
Treasury Secretary outlines three options for overhauling funds.
Funds see big inflows to buy speculative-grade loans as bonds lose luster.
In the wake of the election, Washington seems likely to steer clear of the worst of the spending cuts and tax hikes, says Lord Abbett's Milton Ezrati.