Jul 13, 2010 1:41 PM by Bea Karnes, News First 5

Obama nominates Jacob Lew as budget director

President Barack Obama has nominated Deputy Secretary of State Jacob Lew to serve as his budget director, putting him in charge of a $1 trillion-plus deficit that's a burden for the economy.

Appearing at the White House, Obama saluted Lew as "somebody who has proven himself already equal to this extraordinary task." He said that if there were a "hall of fame for budget directors," Lew would have earned a place in it for his service as budget director toward the end of the Clinton administration.

If confirmed by the Senate, Lew would serve as director of the Office of Management and Budget.


»Topics in this article

More News

Weather - Forecast
Story Photo

1 hour ago

Water Spigot Closing

The water spigot that has been turned on for parts of southern Colorado over the weekend will begin to shut for the...

Most Popular

Top Videos

1 2 3 4