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

  • Defense
    Ryan D. McCarthy being sworn in as Army Secretary Oct. 10, 2019. (Photo credit: Sgt. Dana Clarke/U.S. Army)

    Army wants to spend nearly $1B on cloud, data by 2025

    Army Secretary Ryan McCarthy said lack of funding or a potential delay in the JEDI cloud bid "strikes to the heart of our concern."

  • Congress
    Rep. Jim Langevin (D-R.I.) at the Hack the Capitol conference Sept. 20, 2018

    Jim Langevin's view from the Hill

    As chairman of of the Intelligence and Emerging Threats and Capabilities subcommittee of the House Armed Services Committe and a member of the House Homeland Security Committee, Rhode Island Democrat Jim Langevin is one of the most influential voices on cybersecurity in Congress.

Stay Connected

FCW INSIDER

Sign up for our newsletter.

I agree to this site's Privacy Policy.