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Obama names new acting IRS commissioner

President Obama appointed senior White House budget officer Daniel Werfel as acting commissioner of the Internal Revenue Service Thursday. "Throughout his career working in both Democratic and Republican administrations, Danny has proven an effective leader who serves with professionalism, integrity and skill," Obama said in a statement. "The American people deserve to have the utmost confidence and trust in their government, and as we work to get to the bottom of what happened and restore confidence in the IRS, Danny has the experience and management ability necessary to lead the agency at this important time."Werfel will replace Steven Miller, ousted Wednesday amid revelations that the IRS improperly singled out conservative groups for special scrutiny.  The appointment is effective May 22. The 42-year-old Werfel is the controller of the Office of Management and Budget, a job akin to a chief financial officer. Though Werfel was appointed to that job by Obama, he also worked during th...

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  1. Will Sequester Prevent Cure for Cancer?

    Community Oncology Alliance Executive Director Ted Okon on the impact of the sequester on government cancer research.

  2. White House recalculates $5 billion in spending cuts, Hill sources say

    The White House budget office is recalculating how to apply automatic spending cuts for a handful of agencies, freeing up almost $4 billion for the Pentagon and anot...

  3. Issa Drops Subpoena for Obama Budget Director, Accepts Testimony From Contract Official

    The House Oversight Committee has dropped its push to subpoena President Obama's budget director and will instead accept testimony from another White House official ...

  4. Obama Announces Acting OMB Director

    FBN’s Adam Shapiro on Obama announcing Jeffrey Zients will serve as the Acting OMB Director.

  5. Obama nominates Lew for Treasury secretary, GOP senator vows to oppose pick

    President Obama on Thursday nominated White House Chief of Staff Jack Lew to be his next Treasury secretary, as the top Republican on the Senate Budget Committee vow...

  6. White House Chief of Staff William Daley Stepping Down

    President Obama announces budget director Jack Lew as successor

  7. New report blasts WH for Solyndra loan guarantee

    Finding of GOP probe into solar firm

  8. Power Play 2/11/2013

    Obama, Lew and the Cayman tax trap. Plus: Rubio and Obama to call for stimulus spending

  9. David Stockman says budget is 'doomsday machine'

    Is the country's economic condition getting worse?

  10. Obama's Chief of Staff Calls It Quits

    Budget director Jack Lew to step in for Bill Daly

  11. Obama to Name New Budget Director

    FBN’s Robert Gray on the president’s plans to nominate Jack Lew to head the Office of Management and Budget .

  12. Government Continuing Its Spending Ways?

    FBN’s Diance Macedo on the rise in government spending.

  1. OMB Director

    Douglas Holtz-Eakin, former sr. policy advisor to John McCain, discusses who might be the next Director of the Office of Management and Budget .

  2. Who is Jack Lew ?

    Wall Street Journal economics editor David Wessel on what Jack Lew's policy could mean for the future of our economy.

  3. OMB Director on Regulation

    OMB Director Jack Lew on the agencies' initiative to continue to protect public safety and the administration's review of regulations.

  4. Treasury Secretary Lew working on improving illegible loopy signature

    Treasury Secretary Jacob Lew's loopy signature is showing signs of improvement as he gets ready to affix his "Jacob Lew" to the nation's currency.President Barack Ob...

  5. Former Lew Adviser: Criticism is Case of Sour Grapes

    Kenneth Baer, former senior adviser to Jack Lew and OMB associate director, on why he believes Lew’s bipartisan experience makes him the right person for the Treasury job.

  6. Yearly regulatory costs rose $70B during Obama's first term, study says

    President Obama, in each of his last three State of the Union addresses, spoke urgently of the need to cut through the "red tape" in Washington. But regulatory costs...

  7. Treasury nominee Lew pressed on $1M bonus from bailed-out firm

    Treasury secretary nominee Jack Lew was challenged Wednesday over a nearly $1 million bonus he accepted from Citigroup just as the company was getting bailed out by ...

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