L.A.'s 'job czar' boasts a broad portfolio at City Hall

Former investment banker Austin Beutner wields power on many levels in an administration struggling with a budget crisis. Having such broad faith in an outsider is a shift for the mayor.

The Wall Street millionaire tapped by Los Angeles Mayor Antonio Villaraigosa to be the city's "job czar" has, in just three months, turned into a kind of behind-the-scenes fixer for an administration singed by an escalating budget crisis and political upheaval over a hike in utility bills.