Citi Alternative Investments

BREAKING: Obama Taps Jack Lew to Run OMB
July 13, 2010

The White House just announced that President Obama will appoint Jacob "Jack" Lew to be his next budget director. Lew emerged as a front-runner relatively late in the process. But Lew comes with strong credentials, as I explained on Monday: Who’s Jack Lew? He’s a top adviser to Hillary Clinton at the State Department, where he's deputy secretary for management and resources. Before that, he was chief of operations at New York University and then chief operating officer at Citi Alternative Investments.

Sweet Lew?
July 11, 2010

The search for Peter Orszag’s successor at the Office of Management and Budget hasn’t gotten a lot of attention. But it should. If the administration is talking about a policy change that involves spending or raising money, as most policy changes do, then the OMB director is going to be part of that discussion. As my colleague Noam Scheiber has reported, the two leading candidates to take over OMB have been Gene Sperling, a senior Treasury Department aide who held several positions in the Clinton Administration, and Laura Tyson, a Berkeley economist who also served under Clinton.