The announcement comes a week after the president's oldest daughter moved into her own office in the West Wing.
The state will aim to hold spending increases to 3.1 percent, a drop from this year's 3.6 percent target.
Baker is expected to be tapped to serve on a new commission led by New Jersey Gov. Chris Christie.
It will be the first in-person meeting between the leaders, after Trump's sharp criticisms of China during the campaign.
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