Washington - President Obama will announce Jacob Lew as his new director of the Office of Management and Budget at noon, the White House said.
In tapping Lew to replace outgoing OMB director Peter Orszag, Obama would be moving an important adviser to Secretary of State Hillary Clinton into his former role. Lew was OMB director from 1998 to 2001. Lew is currently serving as deputy secretary of management and resources at the State Department.
“The experience and good judgment Jack has acquired throughout his impressive career in the public and private sector will be an extraordinary asset to this administration’s efforts to cut down the deficit and put our nation back on a fiscally responsible path," President Obama said in a statement. "As the budget director who left the next administration a $237 billion surplus when he worked for President Clinton, I have no doubt that Jack has proven himself equal to this extraordinary task. I am grateful he has agreed to serve in this critical role, and I look forward to working with him in the weeks and months ahead.”
Jack Lew is also a longtime member of the Orthodox Union community – having been an active member of Congregation Beth Shalom of Potomac and the Riverdale Jewish Center.
Washington Post / OU