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President Barack Obama, right, shakes hands with Jacob J. "Jack" Lew, left, after announcing he has named Mr. Lew to serve as director of the Office of Management and Budget (OMB) in the Diplomatic Reception Room of the White House in Washington, D.C., on Tuesday, July 13, 2010. (UPI/Ron Sachs/POOL)
Photo by: Ron Sachs
President Barack Obama, right, shakes hands with Jacob J. "Jack" Lew, left, after announcing he has named Mr. Lew to serve as director of the Office of Management and Budget (OMB) in the Diplomatic Reception Room of the White House in Washington, D.C., on Tuesday, July 13, 2010. (UPI/Ron Sachs/POOL)

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