Zients Will Be Acting OMB Chief

Jeffrey Zients, currently deputy director of the White House Office of Management and Budget (OMB), will be acting director for a few weeks while the nominee for the position, Jack Lew awaits confirmation.  The position was formerly held by Peter Orszag, whose last day as Director is today…

- Philip Bunnell

OMB Pick Lew Received $900,000 Bonus From Bailed-Out Bank

The Washington Times is reporting that Jack Lew, the State Department official recently tapped to replace Peter Orszag as Office of Management and Budget (OMB) Director, received a $900,000 bonus from Citigroup Inc. after the conglomerate received nearly $45 billion in TARP funds.

Before stepping in as OMB Director, Lew requires Senate confirmation.