.....Advertisement.....
.....Advertisement.....

Obama to nominate Lew as budget director

-A A +A
By Associated Press

WASHINGTON (AP) — President Barack Obama will nominate Deputy Secretary of State Jacob Lew to serve as director of the Office of Management and Budget, a Cabinet-level post that plays a crucial role in shaping how the administration spends the public's money.

In a statement, Obama said Lew 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."

Obama plans to formally nominate Lew at the White House Tuesday afternoon.

Lew was budget director for almost three years at the end of the Clinton administration. He presided over a revenue boom of the late 1990s — when federal coffers were so flush that policymakers pressed to put surplus Social Security dollars into a lockbox so that they wouldn't fund other programs.

If confirmed, Lew would replace OMB director Peter Orszag, who is stepping down this month. He would inherit an extraordinary budget mess, with the deficit already exceeding $1 trillion for the first three quarters of the fiscal year. Current projections show unsustainable large deficits for the coming decade, but the administration has not devised a plan to get them under control, instead pinning its hopes on a bipartisan fiscal commission that many believe is doomed to election-year gridlock.


If you subscribe to the newspaper, you receive FREE access to all the exclusive content of the web site! Simply register to receive uninterrupted access to our award-winning and in-depth local online content!

Renew Current or Past Subscription / Register for Online Subscription

If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.

Click the question mark below to see where your account ID appears on your mailing label.

Newspaper Acct. ID:
info
Street Address:
(exactly as it appears on the label)

If you are a subscriber and you do not know your account ID or don't have a copy of your newspaper available that shows the information on the address label you can click continue below to search for your account.

New Subscription/30 Day Free Trial Account

If you are new to the award winning Los Alamos Monitor and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.

ZIP Code:



Create a limited access account.
Register to participate in community forums, post on the community calendar, blog etc. This registration does not give you full access to read our award winning content, etc.

The Los Alamos Monitor | lacirculation@lamonitor.com | 505-662-4185
256 DP Road, Los Alamos, NM 87544
Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday