DALLAS - With Arizona's financial crisis worsening, Secretary of State Jan Brewer took the oath of office to become governor in Phoenix yesterday, replacing Gov. Janet Napolitano, the new director of homeland security in President Obama's administration.

Brewer, a Republican, automatically succeeded the Democrat Napolitano under the state's constitution, which does not provide for a lieutenant governor. Napolitano was the first female governor to succeed another when she took office in 2003.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.