Wiki: Jack Lew

Jacob Joseph "Jack" Lew (born August 29, 1955) is an American government administrator and attorney who is the 76th and current United States Secretary of the Treasury, serving since 2013. He served as the 26th White House Chief of Staff from 2012 to 2013. Lew previously served as Director of the Office of Management and Budget in the Clinton and Obama Administrations, and is a member of the Democratic Party.

Born in New York City, Lew received his A.B. from Harvard College and his J.D. from Georgetown University Law Center. Lew began his career as a legislative assistant to Representative Joe Moakley and as a senior policy adviser to former House Speaker Tip O'Neill. Lew then worked as an attorney in private practice before working as a deputy in Boston's office of management and budget. In 1993, he began work for the Clinton Administration as Special Assistant to the President. In 1994 Lew served as Associate Director for Legislative Affairs and Deputy Director of the Office of Management and Budget, where he served as Director of that agency from 1998 to 2001 and from 2010 to 2012. After leaving the Clinton Administration, Lew worked as the Executive Vice President for Operations at New York University from 2001 to 2006, and as the COO at Citigroup from 2006 to 2008. Lew then served as the first Deputy Secretary of State for Management and Resources, from 2009 to 2010.

On January 10, 2013, Lew was nominated as the replacement for retiring Treasury Secretary Timothy Geithner, to serve in President Barack Obama's second term.[1] On February 27, 2013, the Senate confirmed Lew for the position. He was sworn in the following day...

...In June 2006, Lew was named chief operating officer of Citigroup's Alternative Investments unit, a proprietary trading group. The unit he oversaw invested in a hedge fund "that bet on the housing market to collapse."[22] During his work at Citigroup, Lew had invested heavily in funds in Ugland House while he worked as an investment banker at Citigroup during the 2008 financial meltdown.[23] Lew also had oversight of Citigroup subsidiaries in countries including, Bermuda, the Cayman Islands, and Hong Kong; and during his time at Citigroup, Citigroup subsidiaries in the Cayman Islands increased to 113.[24]

Lew co-chaired the Advisory Board for City Year New York.[25] He is a member of the Council on Foreign Relations, the Brookings Institution Hamilton Project Advisory Board, and the National Academy of Social Insurance.[26] Lew is also a member of the bar in Massachusetts and the District of Columbia.[27]...

https://en.wikipedia.org/wiki/Jack_Lew

THE SPENDAGON: The Men Who Really Run the Pentagon

Before Chuck Hagel was nominated to be secretary of defense about a year ago, he made a reputation for himself as a independent Republican politician who described Pentagon spending as "bloated." In office, however, the former Nebraska senator has argued that the Pentagon should be rescued from historically minor and appropriate reductions. In doing so, he seeks to reverse one of the few real reforms that Secretary of Defense Robert Gates before him enforced on high spenders inside the Pentagon and in Congress.

Hagel and the director of the Office of Management and Budget (OMB), Sylvia Mathews Burwell, say they want to revive the old "wish list" process in which the Joint Chiefs of Staff used to connive with each other and Congress, behind the back of secretaries of defense and OMB, to make additions that couldn't cut the mustard in the regular budget review process.

Hagel has shown himself to be the individual of lesser stature that many were stunned to observe at his infamous confirmation hearing at the Senate Armed Services Committee last year. The Hagel-OMB undertaking also reveals who or what is really running the Pentagon these days: As with feckless secretaries of defense in the past, it's the Joint Chiefs of Staff (JCS) that run the show.

Gates deserved some real praise for stopping the JCS from running behind the backs of defense secretaries (and presidents) to solicit spending above and beyond officially approved defense budgets. For years, the JCS had pre-arranged with high-spending members of the Senate and House Armed Services Committees to be asked at hearings to submit lists of programs for extra spending. The JCS preferred to call these lists "unfunded requirements;" everyone else called them "wish lists."

http://www.foreignpolicy.com/articles/2014/02/13/the_men_who_really_run_the_pentagon_chuck_hagel