Lew named to be next OMB Director

///Lew named to be next OMB Director

Lew named to be next OMB Director

President Obama has asked Jacob Lew to once again head OMB as he did in 1998 to 2001 for President Clinton.  If confirmed, Lew will replace Peter Orzag, who announced his resignation a few weeks ago.  Lew moves to this post from his current job as Deputy Secretary of State for Management and Resources.  Prior to that, he was chief operating officer (COO) of New York University and later a COO for Citigroup’s Citi Alternative Investments (CAI).  Lew began his career as a congressional legislative aide and later became an advisor to then House Speaker “Tip” O’Neill.  During his previous stint as OMB Director, federal deficits moved to surpluses.  In a statement released by the White House, the president expressed confidence that Lew’s previous experience in dealing with budget deficits makes him “an extraordinary asset to this administration’s efforts to cut down the deficit and put our nation back on a fiscally responsible path.”

By |2019-05-06T16:33:24+00:00July 16th, 2010|Defense Financial Highlights, News|0 Comments

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