Veterans of Clinton administration, Wall Street floated as possible OMB directors

A former Office of Management and Budget official and a counselor to Treasury Secretary Tim Geithner were among the names floated Monday as replacements for outgoing OMB Director Jack Lew.

According to the National Journal, Democrats mentioned OMB official and Wall Street veteran Josh Gotbaum and economic adviser Gene Sperling as possible candidates to replace budget director Jack Lew, who accepted a job as President Obama's chief of staff on Monday after William Daley resigned from that post.

Currently serving as director of the Pension Benefit Guaranty Corporation, Gotbaum was executive associate director of the Office of Management and Budget during the Clinton administration.

Gotbaum served as an adviser to former Treasury Secretary Robert Rubin and as assistant secretary of Defense for economic security. He then worked on Wall Street as a partner with Lazard Frères & Co. He is a graduate of Harvard Law School and Harvard's Kennedy School of Government.

Now serving as an adviser to Secretary Geithner, Sperling was appointed by President Obama as director of the National Economic Council in January 2011 -- a position he also held during the Clinton administration. He was a senior economic adviser to Hillary Clinton's 2008 presidential campaign.

Sperling holds law and business degrees from Yale and the University of Pennsylvania, respectively. He has worked for Goldman Sachs and with former Treasury Secretary Larry Summers on legislation that lifted restrictions on commercial banks, investment banks and securities companies.

The Hill has reported that controversial OMB deputy director Heather Higginbottom could serve as acting OMB director and be nominated as a permanent replacement for Lew.

Rob Nabors, another former deputy OMB director, also may be a possibility to replace Lew, according to The Hill.

Any nomination could face opposition in the Senate, where Republicans have expressed strong disapproval of Obama's recent recess appointments.

OMB could not immediately be reached for comment.

Charles S. Clark contributed to this report.

Stay up-to-date with federal news alerts and analysis — Sign up for GovExec's email newsletters.
FROM OUR SPONSORS
JOIN THE DISCUSSION
Close [ x ] More from GovExec
 
 

Thank you for subscribing to newsletters from GovExec.com.
We think these reports might interest you:

  • Forecasting Cloud's Future

    Conversations with Federal, State, and Local Technology Leaders on Cloud-Driven Digital Transformation

    Download
  • The Big Data Campaign Trail

    With everyone so focused on security following recent breaches at federal, state and local government and education institutions, there has been little emphasis on the need for better operations. This report breaks down some of the biggest operational challenges in IT management and provides insight into how agencies and leaders can successfully solve some of the biggest lingering government IT issues.

    Download
  • Communicating Innovation in Federal Government

    Federal Government spending on ‘obsolete technology’ continues to increase. Supporting the twin pillars of improved digital service delivery for citizens on the one hand, and the increasingly optimized and flexible working practices for federal employees on the other, are neither easy nor inexpensive tasks. This whitepaper explores how federal agencies can leverage the value of existing agency technology assets while offering IT leaders the ability to implement the kind of employee productivity, citizen service improvements and security demanded by federal oversight.

    Download
  • IT Transformation Trends: Flash Storage as a Strategic IT Asset

    MIT Technology Review: Flash Storage As a Strategic IT Asset For the first time in decades, IT leaders now consider all-flash storage as a strategic IT asset. IT has become a new operating model that enables self-service with high performance, density and resiliency. It also offers the self-service agility of the public cloud combined with the security, performance, and cost-effectiveness of a private cloud. Download this MIT Technology Review paper to learn more about how all-flash storage is transforming the data center.

    Download
  • Ongoing Efforts in Veterans Health Care Modernization

    This report discusses the current state of veterans health care

    Download

When you download a report, your information may be shared with the underwriters of that document.