Jeff Zients Becomes Acting Director

The White House named Jeffrey Zients as acting director of the Office of Management and Budget. He'll take over next month when the current director, Jack Lew, becomes President Obama's chief of staff. This will be Zients' second time as acting director. He stepped in after Peter Orszag left in 2010. Zients joined OMB as deputy director for management in June 2009. He has the added title of chief performance officer. Zients led development of the government reorganization plan the president unveiled last week. Before joining the administration, Zients was CEO of two companies he helped found.