Raines leaving as OMB director

Franklin Raines announced today that he will step down from his post as director of the Office of Management and Budget.

President Clinton, in a statement given today at the White House, said he intended to nominate OMB Deputy Director Jack Lew as the new OMB director.

Raines, who has been OMB director since September 1996, will leave OMB May 20 and become chairman designate of Fanny Mae.

In his first month at OMB, Raines got the attention of the federal information technology community with a memo that gave agency heads three weeks to explain whether their fiscal 1998 budget requests for systems met eight decision criteria. Projects that did not satisfy the criteria, which were quickly dubbed "Raines' rules,'' would not be funded.

Trained as a lawyer, Raines has spent his career in government and in the financial industry. He served in OMB during the Carter administration as associate director for economics and government.

Lew worked as policy director for Rep. Thomas P. "Tip" O'Neill (D-Mass.), the late speaker of the House, and he has helped to create Clinton's youth service program AmeriCorps.

Featured

  • Telecommunications
    Stock photo ID: 658810513 By asharkyu

    GSA extends EIS deadline to 2023

    Agencies are getting up to three more years on existing telecom contracts before having to shift to the $50 billion Enterprise Infrastructure Solutions vehicle.

  • Workforce
    Shutterstock image ID: 569172169 By Zenzen

    OMB looks to retrain feds to fill cyber needs

    The federal government is taking steps to fill high-demand, skills-gap positions in tech by retraining employees already working within agencies without a cyber or IT background.

  • Acquisition
    GSA Headquarters (Photo by Rena Schild/Shutterstock)

    GSA to consolidate multiple award schedules

    The General Services Administration plans to consolidate dozens of its buying schedules across product areas including IT and services to reduce duplication.

Stay Connected

FCW Update

Sign up for our newsletter.

I agree to this site's Privacy Policy.