January 11th, 2012
09:51 AM ET

Obama budget pick faces Capitol Hill challenge

WASHINGTON (CNNMoney) - With budget chief Jack Lew stepping up to be President Obama's new chief of staff, Washington is abuzz over who - if anyone - will be tapped as the president's new budget director.

The White House's director of the Office of Management and Budget (OMB) has been playing an increasingly high profile role when it comes to sparring with Congress, thanks to ongoing debates over budget deficits and keeping the federal government funded.

For now, the White House appears to be suggesting it's not in a rush to fill the job, saying Lew will continue to oversee the president's release of the 2013 budget.

Read the complete story at CNN Money.com

Topics: OMB • President Obama • The News