Today, President Obama announced his intent to nominate Jacob J. Lew, generally caled "Jack," to serve as Director of the Office of Management and Budget – the President’s top aide in charge of overseeing the budget for the entire Federal government. Lew, who already has outstanding experience in the position under the Clinton Administration, has been serving in the State Department under President Obama. During him time under President Clinton, 11 million jobs were created, and the federal budget was balanced for the first time since Neil Armstrong walked on the moon. An inherited $290 billion deficit was turned around, and resulted in a more than $236 billion surplus at the end of 2000.
Read more about Lew in the White House background.
President Barack Obama announces the nomination of Jack Lew to replace Office of Management and Budget (OMB) Director Peter Orszag during a statement to the press in the Diplomatic Reception Room of the White House
In making the announcement, the President took ample time to commend the service of Peter Orszag, who has held the position during some of the toughest economic and fiscal times the country has seen in decades:
Fonte: White House