Jeffrey Zients / AP
Jeffrey
Zients will serve as President Obama's new acting director of the
Office of Management and Budget (OMB), but the president's decision
might undercut attacks on Republican Mitt Romney's career as a venture
capitalist, because Zients and Romney are both alumni of Bain &
Company.
"I'm
pleased to designate Jeff Zients to lead the Office of Management and
Budget. Since day one, Jeff has demonstrated superb judgment and has
provided sound advice on a whole host of issues," Obama said in a
statement accompanying the announcement today. Zients previously served
as Deputy Director of OMB under Jack Lew, who became Obama's chief of
staff with the departure of Bill Daley.
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