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Office Of Management And Budget

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Bloomberg Jacob Lew, nominee to be director of the Office of Management and Budget, "lacked sufficient concern for the host of economic challenges confronting the Gulf Coast," a Louisiana senator said in explaining why she would hold up his nomination.

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Outgoing director of the Office of Management and Budget, Peter Orszag after President Obama signed the Improper Payments Elimination and Recovery Act in a ceremony at the White House in Washington, Thursday, July 22, 2010. (AP Photo/Pablo Martinez Monsivais)

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